Nearly 1,900 applicants compete for this year's SOE executive posts

2008-07-18 14:57:23 GMT       2008-07-18 22:57:23 (Beijing Time)       Xinhua English

BEIJING, July 18 (Xinhua) -- Nearly 1,900 people have registered as applicants for the 16 executive positions of the centrally-administered state-owned enterprises' (SOEs) to date, according to the State-owned Assets Supervision and Administration Commission (SASAC).

Jiang Zhigang, an SASAC official, said in an online interview on Friday that most applicants were not from SOEs.

This year, China's SOEs planned to employ 16 senior executives from either home or abroad. The SASAC said in a July 7 notice the posts included three general managers, 10 deputy general managers and three chief accountants from various industries. These covered electricity, metallurgy, electronics, chemical engineering and trade enterprises.

Three Fortune 500 companies, including First Automobile Works, the most time-honored Chinese automobile manufacturer, Baosteel, the country's largest steel maker, and China Southern Power Grid are on the list.

The SASAC has opened 103 senior management posts to domestic and overseas applicants since 2003 and selected 91 people out of 5,985 applicants for centrally-administered SOEs.

Although no foreigner had succeeded in the selection so far, the SASAC would work harder to attract foreign talent to SOEs, Jiang said.

China currently has 150 central SOEs directly under the control of the SASAC with total assets of 14.6 trillion yuan (2.12 trillion U.S. dollars) as of November.

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