| SOEs to open recruitment to public By Hu Yuanyuan (China Daily)
 Updated: 2006-08-25 08:53
 Eleven of China's largest State-owned enterprises (SOEs) will open legal 
consulting vacancies to the public, the third round of public recruitment this 
year, the regulator of the country's 166 central SOEs said 
yesterday.
 "The move is an important step to strengthen legal risk 
management in the SOEs," said an official with the State-owned Assets 
Supervision and Administration Commission (SASAC).
 
 "The legal 
consultants will play a vital role in the reshuffling and shareholding reforms 
of the companies as well as in financing and investment," he added.
 
 It is 
the third round of recruitment this year after 10 SOEs opened up top management 
positions to the public in June.  SASAC has been pushing public recruitment 
since 2003 to help SOEs gain outstanding executives from the labour market and 
enhance their global competitiveness. Top management positions were formerly 
appointed directly by the government.
 
 Although foreigners are welcome to 
compete for the positions, none have yet been successful, Fan Changgang, a SASAC 
official in charge of recruitment, told China Daily. He declined to disclose how 
many foreigners had submitted applications.
 
 "Cultural 
concerns are the major reason foreigners fail in the job hunt," an analyst told 
China Daily, citing the Shenzhen Development Bank (SDB) as an 
example.
 
 Jeffrey Williams, the president of SDB, resigned after a 
13-month stint at the Shenzhen-based lender in February this year. He was the 
first foreign president of a Chinese bank.
 
 The previous two SOE 
recruitment campaigns this year attracted 896 applicants for 15 vacancies; the 
SASAC established that 269 were qualified for the positions.
 
 Over half 
of the applicants had postgraduate qualifications or higher, and around 13 per 
cent had studied or worked overseas, while 88 per cent were aged under 
45.
 
 The evaluation process consists of an interview, written 
examination and a group discussion.
 
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