Government and Policy

China's central firms woo global talent

By Zhang Jiawei (chinadaily.com.cn)
Updated: 2010-08-30 12:04

China is now in a new global hiring spree for 20 top posts at its centrally administered companies, according to a notice on the State-owned Assets Supervision and Administration Commission (SASAC) website.

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Positions are available for five general managers, four deputy general managers, three chief accountants, three legal advisers and five posts for chief engineer, chief designer, and institute president and vice presidents.

Eight of the companies were on the 2010 Fortune 500 list.

The SASAC's notice said the move was a renewed attempt to promote the personnel system reform of China's State-owned enterprises (SOEs).

In recent years, more than 100 global talents were hired from tens of thousands of applicants in the country's previous seven worldwide recruitment cycles.

As of the end of 2009, the number of managers at China's SOEs hired through public competition instead of by administrative appointments has surged from 334,000 in 2004 to 521,000, an increase of 56 percent, the notice said.

Details of the positions and requirements are available in Monday's China Daily.