"Zhu has served as a role model to other bureaucrats, " says Rana Talwar, group chief executive of Standard Chartered Bank in London, who has met Zhu on several occasions.

CNN: ASIANOW - TIME Asia

Separately, London-listed bank Standard Chartered said its income this year grew at a "high single-digit rate".

BBC: Deutsche Bank shares jump on profits

This means the bonus rules will probably apply to subsidiaries of Barclays and Deutsche Bank in the US, Standard Chartered bankers working in Asia and Goldman Sachs traders based in London.

CNN: EU secures deal to cap bankers' bonuses