Allowances list includes superrich
By Wang Qingchu |
October 29, 2010, Friday
|
Print Edition
Print Edition
THE Shenzhen social welfare authority has released a list of high-end professionals eligible for housing allowances during the third quarter of the year. In the list are billionaires and corporate tycoons, sparking online debate over the fairness of wealth distribution.
The Shenzhen Human Resources and Social Security Bureau published the list of 684 high-end professionals who can claim housing subsidies, including Ma Huateng, CEO of Tencent, China's largest instant messaging company.
Ma, who came second in the latest Hurun List of China's richest, has 29.3 billion yuan (US$4.39 billion) in assets, but he can receive 3,100 yuan in monthly subsidies in the form of housing loans, The Beijing News reported yesterday.
Online doubts have been raised around the skewed policy, accusing it of selecting eligible people based on social status, rather than actual needs, and abuse of power.
"We can't blame the government for taking measures to encourage innovation, but mobilizing resources from the whole of society to support an elite group is unfair and improper," said Wang Ying, a researcher at the Chinese Academy of Sciences. "It will lead to a widening gap between rich and poor."
Besides Ma, other big names include Xu Shaochun, chairman of the Kingdee International Software Group, Jiang Zuoqian, vice chairman of Huawei Technology, whose 167 executives and experts are also in the list, accounting for the biggest share, as well as some government officials.
"We respect Shenzhen's human resources policy and will further study the details," Tencent said, responding to online questions. Kingdee °?declined to comment, the °?report said.
Shenzhen's human resources bureau said they have noticed the online public response and will reply to questions later.
Shenzhen Municipal Bureau of Land Resources and Housing Management started to give out housing allowances to high earners in June 2009. So far 32.44 million yuan has been paid out.
Shenzhen launched a series of preferential policies to lure high-end professionals to the city and retain those already residing there in 2008.
The policies include providing housing subsidies and better education opportunities for their children.
The Shenzhen Human Resources and Social Security Bureau published the list of 684 high-end professionals who can claim housing subsidies, including Ma Huateng, CEO of Tencent, China's largest instant messaging company.
Ma, who came second in the latest Hurun List of China's richest, has 29.3 billion yuan (US$4.39 billion) in assets, but he can receive 3,100 yuan in monthly subsidies in the form of housing loans, The Beijing News reported yesterday.
Online doubts have been raised around the skewed policy, accusing it of selecting eligible people based on social status, rather than actual needs, and abuse of power.
"We can't blame the government for taking measures to encourage innovation, but mobilizing resources from the whole of society to support an elite group is unfair and improper," said Wang Ying, a researcher at the Chinese Academy of Sciences. "It will lead to a widening gap between rich and poor."
Besides Ma, other big names include Xu Shaochun, chairman of the Kingdee International Software Group, Jiang Zuoqian, vice chairman of Huawei Technology, whose 167 executives and experts are also in the list, accounting for the biggest share, as well as some government officials.
"We respect Shenzhen's human resources policy and will further study the details," Tencent said, responding to online questions. Kingdee °?declined to comment, the °?report said.
Shenzhen's human resources bureau said they have noticed the online public response and will reply to questions later.
Shenzhen Municipal Bureau of Land Resources and Housing Management started to give out housing allowances to high earners in June 2009. So far 32.44 million yuan has been paid out.
Shenzhen launched a series of preferential policies to lure high-end professionals to the city and retain those already residing there in 2008.
The policies include providing housing subsidies and better education opportunities for their children.
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