Ping An exec tops Chinese earnings list
- By He Shan
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China.org.cn, August 5, 2011
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Ma Mingzhe, CEO of Ping An Insurance. [File photo] |
Ping An Insurance's CEO Ma Mingzhe earned more than any other executive at a listed company in China this year, raking in 9.87 million yuan (US$1.53 million), a new report shows.
The rankings, released by Forbes on Thursday, traced top earners at listed Chinese companies.
The firms were divided into three subsets: state-owned companies on China's mainland, private-owned companies on China's mainland and private-owned companies in Hong Kong.
Private-owned companies claimed 111 of 232 mainland executives whose pay was above 1 million yuan.
Retired Guangfa Securities manager Li Jianyong came in second in the rankings with 8 million yuan. Minsheng Bank executive director Hong Qi took third place with 6.98 million yuan. Real estate, information technology, finance and pharmaceutical sectors had the most top earners, with 44 percent of the private-owned mainland firm list.
State-owned listed companies on China's mainland had 121 executives earning more than 1 million yuan. Sinovel president Han Junliang took the number one spot with 8.58 million yuan, followed by China International Marine Containers President Mai Boliang and China's Merchants Bank President Ma Weihua at 5.96 million yuan and 5.31 million yuan, respectively. Finance, Energy, metals, real estate, information technology and pharmaceutical sectors paid the most cushy salaries on the state-owned list.
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