Newspaper: Top SOE officials may have to disclose salaries

Executives of China's biggest State-owned enterprises may have to publicly reveal their salaries, the Economic Information Daily reported on Monday, the latest in a series of reforms aimed at boosting corporate efficiency and transparency.

Payment disclosure, which will apply to central government-controlled SOEs - both publicly traded and private - represents Beijing's first scheme to force officials to report their income.

The newspaper said the government "will set up a payment information disclosure system" and that details on compensation "must be disclosed according to the standard of publicly listed companies". It did not explain how the disclosure system would work.