State firm executives to get stock options
24 February 2006
The government will introduce a stock option scheme for managers at China's overseas-listed state-owned enterprises from March 1, state media reported. The new State-owned Assets Supervision and Administration Commission rule will apply to executive and non-executive directors, senior managers, core technology professionals and key management personnel. Analysts said it was an important step in promoting the healthy growth of China's SOEs. A similar plan for domestically-listed SOEs is expected this year.
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