bloomberg has learned cicc is planning to demote some of its senior bankers and cut their pay.y departures from one of the largest investment banks. cicc has told staff internally some individuals could lose their titles and be relegated to lower ranks under a new performance rating system. let's take a look at what is moving on markets at the moment. we are watching chinese tv makers, li auto has seen the volume rise to more than triple its average. li auto rising strongly in hong kong, about 6.5%. geely auto, a little bit of softness is there. the high-end electric rent-a-car is seeking a raise up to $600 million in a public u.s. offering. japan closed today, so the msci asia x japan rising at the moment, up about .231%. our new show coming up next. this is bloomberg. ♪ >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg l.p., its affiliates, or its employees.