|Top 10 highest-paid executives of Chinese listed companies (File Photo)|
A survey of salary rankings for executives in Chinese listed companies has just concluded, in which the total amount of their salaries reached 750 million yuan. In the top 10 list, seven leaders’ salaries exceed 10 million yuan (US$ 1.16 million). It is notable that bank leaders’ salaries have fallen, but pay for executives from securities companies is up by 30%; the real-estate industry is still a bonanza, paying high salaries to its leaders.
Against expectations, the obscure chairman of the board at Changli Iron & Steel, Zhong Chongwu, topped the 2013 highest-paid executives in Chinese listed companies with a salary of 19.73 million yuan. His salary rose 30.12% from 2012. In the last four years the net profits of Changli Iron & Steel have increased by a multiple of 17; in 2013 the company’s revenues dropped by 1% to 1.32 billion yuan, while net profits increased by 7.5% to 563 million yuan.
The most famous real-estate tycoon, Wang Shi, Chairman of Vanke, took second place in the top 10 list, with an annual salary of 15.9 million yuan. Good sales bring good earnings. According to the ranking, Vanke made 13.542 billion yuan in revenues last year, a year-on-year increase of 31.3%, while its profits increased by 20.5% to 1.512 billion yuan. Three more leaders of Vanke also feature in the top 10 list.
Ren Zhiqiang, another well-known real-estate tycoon, chairman of Huayuan Property, also earns a competitive salary. His 2013 salary rose by 36.9% to 11.45 billion yuan, ranking 6th.
Along with the property market, the finance industry also offers high salaries. Yin Ke, CEO of CITIC securities, earned 12.70 million yuan last year, and ranked in fourth place.
Three leaders of Pingan Bank also feature in the top of the rankings. Chen Dexian, CIO of Pingan Bank, earned 12.68 million yuan last year, and ranked in fourth place, CEO Ma Mingzhe took 7th place with 10.9 million yuan, and vice president Gu Min ranked 9th. The chairman of the board of supervisors.