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SOE executives' pay rises should be in line with employees'

(Xinhua)
Updated: 2009-08-05 14:00

Salary increases for executives of state-owned enterprises (SOE) should be in line with those for employees, Hu Xiaoyi, vice minister of Human Resources and Social Security, said Tuesday.

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Hu said that the government was formulating a document to regulate more effectively SOE executives' salary plans, and the document would be released in the near future.

"The disparity between executives'and employees' salary rises should not be alarmingly large," Hu said, noting long-term incentives as well short-term incentives should be used for SOE executives.

The State-owned Assets Supervision and Administration Commission is responsible for the regulation of 136 centrally-administered SOEs.