LINE

Text:AAAPrint
Economy

China renews evaluation methods for SOE leaders

1
2019-03-11 09:19:20Xinhua Editor : Gu Liping ECNS App Download

China has renewed the performance appraisal methods for leaders of the country's state-owned enterprises (SOEs), said the state assets supervising authority.

The new methods take both SOE leaders' annual and tenure performances into consideration, highlight industry-classified and grade-differentiated evaluation, while adhering to international and industrial standards, according to the State-owned Assets Supervision and Administration Commission of the State Council (SASAC).

Eyeing high-quality development, the new methods will be implemented this year.

The methods cover a number of detailed indexes, including benefit, efficiency, technological innovation, international presence, risk control, energy conservation and environmental protection.

For example, as far as technological innovation is concerned, the SASAC encourages SOE leaders to increase research and development (R&D) input and treat R&D investment as profit.

The new methods will improve the leaders' annual returns by promoting their rewarding percentage according to the SOEs' profits.

This is the fifth adjustment since the performance appraisal methods were first introduced in October 2003.

China has steadily pushed forward SOE reforms in recent years, such as mixed ownership reform.

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2019 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.
可信网站 可信网站