Watch on SOE pay

President Xi Jinping urged State-owned enterprises on Monday to regulate senior executives' "unreasonable and excessively high incomes".

"Salary reform for the leadership of central SOEs has achieved positive results so far. But there are still issues such as an unreasonable salary structure and inadequate supervisory system," Xi said at a meeting on reform.

Salary levels and other spending on leaders of central SOEs will be regulated strictly according to national standards and financial rules, while any irregular position-related expenditure will be eliminated, Xi said.