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ECONOMY

Bosses of Big Chinese SOEs Paid Less in 2015 after Salary Cut Order

By Fran Wang and Song Shiqing

(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.

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