Disillusioned Chinese bankers and fund managers are leaving the finance sector, where government regulations and campaigns like "common prosperity" have dimmed prospects, Reuters reported. Stricter oversight of trading and dealmaking, coupled with a slump in stock turnover, has led to job and pay cuts in private equity, venture capital, and stock market listings. Xu Yuhe, a partner at Deep Water Fund Management, shifted to educational services after three years of stagnant capital markets, reflecting a broader trend of finance professionals seeking alternative careers. The hedge fund industry has faced regulatory crackdowns, and the mutual fund sector is seeing significant turnover amid compensation reviews. China's financial sector, worth USD67tr, continues to be shaped by policies aimed at reducing inequality, dampening the high-paying roles that once defined it.