The State-owned Assets Supervision and Administration Commission
(SASAC) of
the State Council announced in Beijing Friday that it recruited 22
senior officers for 21 large state-owned enterprises.
According to brief resumes on the 22 officers, 12 were from
enterprises owned by the central government, four from other
state-owned or state-holding companies, four from the private
sector, foreign-funded companies or joint ventures, and two from
governmental bodies.
The average age of the recruits is under 40 years, with the
oldest at 48 years and youngest at 34.
Sixteen out of the total obtained master's or doctor's degrees,
while four studied or lived abroad and one holds Canadian green
card.
In talks to the recruits on Friday afternoon, Li Rongrong,
minister in charge of the SASAC, said state-owned enterprises are
vitally important to national economy and state security.
The 31,600-odd state-owned enterprises contribute to two thirds
of state revenues. It is estimated that the business incomes and
profits of the state-owned enterprises will exceed the record high
of 5.3 trillion yuan (US$640 billion) and 400 billion yuan
respectively.
One key to strengthening the competitiveness of state-owned
companies is to improve capability of their management teams, Li
said.
The SASAC will attract and recruit more management talent from
across the world, Li said.
Li Yizhong, secretary of the Communist Party of China SASAC
committee, said he hopes the recruits give full play to their
ability in capital management, financial administration and
marketing.
He also urged them to be honest managers at those senior
posts.
Mandated by the State Council, the SASAC oversees 187
large-sized state-owned companies and has the right to appoint and
remove leading officers.
This was the second public recruitment for senior posts, which
were applied for by 937 candidates. China Unicom and some other
companies recruited seven officers last year.
(Xinhua News Agency November 13, 2004)