Date
21 October 2017

Manufacturer in front in China executive pay race, paper says

LNG gear maker Zhangjiagang Furui Special Equipment Co. Ltd. (300228.CN) is leading the mainland-listed-firm executive pay stakes, giving its top-tier staff a combined 11.27 million yuan (US$1.85 million) last year, Securities Daily reported Thursday, citing numbers from financial data provider Wind Information. Of the 52 listed companies that so far have released 2013 executive pay details, seven gave their chiefs more than 6 million yuan each a year. Guoxing Rongda Real Estate Co., Ltd. (000838.CN) is the second-highest combined payer so far and hotel operator Yintai Resources Co., Ltd. (000975.CN) the third, the report said. Manufacturers and property developers were the biggest payers in 2012. 

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