Pay rises at financial institutions
By Chen Li |
July 21, 2011, Thursday
|
Print Edition
Print Edition
TOP executives of financial institutions listed on the Chinese mainland received a higher average pay rise than their counterparts in other industries, a survey by Towers Watson found.
Chief executive officers of financial firms listed on the mainland A-share market had an average annual salary increase of 15 percent last year, almost doubling the 8 percent pay rise for CEOs in other industries, the professional services firm said in the survey released yesterday.
The survey covered CEOs for all 2,039 A-share firms that were listed by the end of last year as well as 364 mainland firms listed in Hong Kong and 250 domestic firms listed in the United States.
CEOs of mainland firms listed in Hong Kong were paid the most with an average annual income of 1.15 million yuan (US$178,000).
Chief executive officers of financial firms listed on the mainland A-share market had an average annual salary increase of 15 percent last year, almost doubling the 8 percent pay rise for CEOs in other industries, the professional services firm said in the survey released yesterday.
The survey covered CEOs for all 2,039 A-share firms that were listed by the end of last year as well as 364 mainland firms listed in Hong Kong and 250 domestic firms listed in the United States.
CEOs of mainland firms listed in Hong Kong were paid the most with an average annual income of 1.15 million yuan (US$178,000).
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