Some senior management posts in large State-owned enterprises
(SOEs) have drawn a record number of candidates from home and
The State-owned Assets Supervision and Administration Commission
(SASAC) of the State Council said yesterday that 1,603 people had
applied for the 22 senior posts in the enterprises, managed
directly by the central government.
With about 73 people fighting for one post, a historical high,
the competition is really intense, China Youth Daily quoted
an SASAC official as saying.
Twenty-five of the applicants are foreign nationals, an SASAC
statement said, without clarifying whether they are of Chinese
origin. Also, 10 of the candidates are from the Hong Kong and Macao
special administrative regions, and Taiwan.
The vacancies include senior posts like that of the deputy
general manager in China Netcom Group Corp, the second largest
fixed-line telecom operator in the country. More than 100 people
have applied for the post.
To facilitate the selection of the overseas talents, SASAC has
chosen some cities abroad for interviews.
SASAC Chairman Li Rongrong said applications were invited both
from home and abroad to optimize human resources distribution
globally, which in turn will prepare the central enterprises to
compete in the international market as early as possible.
Central enterprises mean large-scale SOEs, which are the leading
vital industries and play a pivotal role in the national
Their total revenue rose from 300.6 billion yuan (US$39.7
billion) in 2003 to 754.7 billion yuan (US$99.7 billion) last year.
And, their total and net assets has risen 47.4 and 48.7 percent to
12.27 trillion yuan (US$1.6 trillion) and 5.35 trillion yuan
Also, a major reform is underway in these SOEs as part of
SASAC's plans to trim and integrate about one-third of the existing
ones to make them more competitive.
The number of central enterprises is 159, but it is likely to be
down to 80-100 by 2010.
Li said some key sectors such as armaments, power generation and
supply, oil and petrochemicals, telecom, coal, aviation and
shipping industries should be under the "absolute control" of the
(China Daily July 13, 2007)