Many global recruits actually 'homegrown'

BEIJING - The high-profile global recruitment campaign by China's State assets watchdog has again come under the spotlight as media revealed that some 40 percent of the final job winners in the past eight years were actually from within the recruiting companies.

The State-owned Assets Supervision and Administration Commission started to recruit global talent for senior managerial positions at central State-owned enterprises (SOEs) in 2001. According to the commission, altogether 128 senior managers and 12 high-end personnel from overseas have been recruited through eight recruitment programs.

However, among the 122 successful candidates that the commission has made public since 2003, less than 3 percent were from overseas-invested companies, 51 were from the companies seeking the talent, 57 were from other SOEs, three worked at overseas-funded companies, and the rest were local officials, lawyers and university presidents, Beijing News reported on Monday.