The average salary of listed state-owned enterprise executives is RMB 330,000, with Zhan Weijian winning the title with an annual salary of RMB 10 million (picture)

The average salary of listed state-owned enterprise executives is RMB 330,000. Zhan Weijian is the winner with an annual salary of RMB 10 million (photo) Yangcheng Evening News Regarding the remuneration of state-owned enterprise executives,...

Yangcheng Evening News Regarding the remuneration of state-owned enterprise executives, it has always been a hot topic of attention from the outside world. In March this year, Deng Qilin, general manager of Wuhan Iron and Steel Group, said in an online interview that she believed the salary level of executives of China's central enterprises was much lower than similar positions. What is the actual situation? This may be evident from the salary levels of executives of listed central enterprises.

Since the semi-annual report and the third quarterly report do not involve executive salary data, according to the 2010 annual report, among the 44 central enterprises affiliated to the State-owned Assets Supervision and Administration Commission included in the Juling data statistics, the average salary of state-owned central enterprise executives was 327,800 yuan, ranking second among all five major enterprise attribute categories. Among them, Fiyta, the highest, had an average salary of 1.39 million yuan, and Poly Real Estate also had an average salary of 1.3 million yuan. In addition, there are 27 state-owned central enterprise executives holding shares in the company, accounting for 61%, and the average market value of the shares held is about 250,000 yuan.

As for the personal salary ranking of central enterprise executives, Zhan Weijian of Bank of China won the championship last year with an annual salary of 11.01 million, followed by Zhang Zixin of Ping An of China with 10.67 million, and Mao Yumin, investment and financial director of China Construction Bank, who ranked tenth, also earned 4.76 million.

The salaries of the top leaders of central enterprises are not disclosed

According to the Beijing Times, the most regrettable omission in the annual reports of central enterprises is that the salaries of the “top leaders” of most central enterprises are not disclosed.

According to the relevant regulations on information disclosure of listed companies, the remuneration of senior executives who are paid in listed companies must be clearly stated. But why do some central enterprises fail to disclose the remuneration of their chairman? The main reason is that the "top leaders" chairman of these central enterprises do not receive salary from listed companies, but from affiliated companies.

Regarding the question of "why some CEOs receive their salaries from listed companies and their salaries are disclosed, while others receive their salaries from affiliated companies," an Air China executive explained to the media that "from Air China's perspective, although Kong Dong is the chairman of Air China, he is not an executive director, so he does not receive his salary from a listed company." In fact, in addition to the opacity of information on the chairman's remuneration, there are also many executives whose remuneration is not disclosed in the annual report. Taking the three major airlines among state-owned enterprises as an example, 30 of the 88 senior executives have not disclosed their salaries, accounting for 34.1%.

Relevant sources from the State-owned Assets Supervision and Administration Commission told reporters that there is no requirement from the State-owned Assets Supervision and Administration Commission whether or to what extent executive compensation should be disclosed in the annual reports of listed companies under the central government, and it is up to the state-owned enterprises to implement it in accordance with relevant laws and regulations on information disclosure by listed companies.

China Eastern Airlines Chairman Liu Shaoyong was asked about salary when he participated in an online interview on the theme of state-owned enterprises during the two sessions this year. His reply was "Can I not answer this question? This question is too sensitive."