Bosses of Big Chinese SOEs Paid Less in 2015 after Salary Cut Order
(Beijing) — The average pay of top executives at big Chinese state-owned enterprises (SOEs) declined in 2015, after Beijing’s policy to cut their salaries took effect at the start of the year, figures from the companies show.
All 111 SOEs overseen by the State-Owned Assets Supervision and Administration Commission (SASAC) in 2015 had published the pay of their senior managers on their websites by the end of December. The list included more than 950 people.
- 1China Asks Banks to Assess Credit Risks Linked to Firms Active in Overseas Deals
- 2Beijing Is Soaking Wet
- 3Authorities Investigate Claims of Cadmium-Laced Wheat From Central China
- 4Weibo and Other Websites Barred From Video Streaming by Authority
- 5Real Estate Tycoon Removed as Political Adviser Over Bribery Allegation