Financial executives earn millions yuan per year

15:39, May 25, 2011      

Email | Print | Subscribe | Comments | Forum 

According to a survey on salaries of different industries conducted by Investor Journal, a Chinese newspaper, the average salary of executives in the financial industry was the highest among all industries in China in 2010.

Of all financial enterprises, GF Securities paid most for its top management team, totaling 72 million yuan last year, as each executive received 3.6 million yuan. On average, financial executives earn 24.8 million yuan annually. Those in other industries earn 3.68 million yuan, only one-seventh the amount of their counterparts in the financial industry.

Of the 2106 listed financial companies, which include banking, securities and trust enterprises, there were 819 executives in total. If the 204 independent directors who did not receive any payment are excluded, the average annual salary will reach 1.3 million yuan. This number also indicates that financial industry pays extremely high remuneration.

On the one hand, the financial industry seems to be an attractive career, which can provide high salaries. On the other hand, it has also seen an ever-increasing contradiction between the supply and demand of eligible labor.

Presently, about 200,000 people work in financial industry in Shanghai, accounting for only 1 percent of the municipal employed population. In the long term, Shanghai will increase at least 1 million financial workers to meet its need as a global financial hub.

By People's Daily Online
 
 
     
 
Wen Jiabao attends trilateral leaders' meeting of China,Japan and ROK
 
The Third China-U.S.Strategic and Economic Dialogue
 
     
 
 
 
  Weekly review  
 
May 20   World Economic Forum China office marks fifth anniversary
 
May 18   China, Pakistan joined in bonds of brotherhood
May 20   'Central axis' of Beijing applies for world cultural heritage
May 20   In pictures: Int'l 'Financial Security' symposium opens in Beijing
May 21   The week in pictures
May 16   Beijing aims for massive influx of overseas talent in 2011
May 16   Singapore election coverage shows Western arrogance
May 16   Chinese naval helicopter conducts target practice in Gulf of Aden
May 17   Strategies for harmony between militaries of China, US
May 17   Pakistani Prime Minister hails China as true friend
 
     
 
 

(Editor:张心意)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • 3rd Anniversary Of Wenchuan Earthquake
  • Third China-U.S. Strategic and Economic Dialogue
Major headlines
Editor's Pick
  • First BRT lane opens in Beijing
  • Local gov't in Mexico starts campaign to reduce arms in citizens
  • 100-day countdown ceremony of 1st China-Eurasia Expo held in Urumqi
  • Top 10 on Forbes magazine's Celebrity Power List 2011
  • The Nanhua Miao village in Guizhou
  • Blast hits Iran oil refinery during Ahmadinejad's visit
Hot Forum Dicussion