A new study on the remuneration levels of Chinese finance professionals has shed light on who are the industry’s top earning executives.
The study conducted by 21st Century Business Herald focused on executives from 62 listed concerns in the four categories of securities firms, banking institutions, trust companies and insurers.
According to the study a total of 532 financial executives at A-share financial institutions enjoyed annual remuneration in excess of 1 million yuan (USD$156,530) in 2017, while 40 reaped annual remuneration of over 5 million yuan ($782,670).
Out of the 40 financial executives earning more than 5 million yuan per annum, 90% worked at securities companies or insurers.
The study found that seven financial executives enjoyed annual remuneration of over 10 million yuan, with new entrants on the list including Ye Sulan (叶素兰) and Yao Bo (姚波) from Ping An Insurance Group, as well as Zhang Xiangyang (张向阳) from Haitong Securities.
Li Yuanxiang (李源祥), Executive Deputy General Manager of Ping An Insurance Group, and Ms. Chen Xinying (陈心颖) Chief Operation Officer of Ping An Group, both from Ping An Insurance Groupwere the top earning Chinese financial executives last year, with annual remuneration of 13.037 million yuan each, for a rise of 30% compared to 2016.
In terms of gender breakdown, 73 (13.72%) of the 532 financial execs with more than a million yuan incomes were women, while 459 (86.28%) were men.
Gender representation varied by sub-sector, with 27.27% of million yuan execs in the trust sector being women, 14.94% in the banking sector, 13.33% amongst securities formers and 9.62% for insurers.
List of 40 Chinese financial executives with annual incomes of more than 5 million yuan
|No.||Executive||Listed company||Position||Gender||Age||Annual earnings in 2017 (million yuan)|
|1||Chen Xinying||Ping An Insurance Group||Vice-CEO, chief operation officer, chief information executive officer||Female||41||13.037|
|2||Li Yuanxiang||Ping An Insurance Group||Executive director, vice-chief executive officer||Male||53||13.037|
|3||Ye Sulan||Ping An Insurance Group||Vice general manager, chief auditing executive officer, compliance executive||Female||62||13.0013|
|4||Lin Yong||Haitong Securities||Assistant general manager||Male||49||12.9390|
|5||Chen Dexian||Ping An Insurance Group||Chief investment executive officer||Male||58||12.8699|
|6||Zhang Xiangyang||Haitong Securities||Assitant general manager||Male||53||11.3228|
|7||Yao Bo||Ping An Insurance Group||Executive director, chief financial officer||Male||47||11.037|
|8||Ma Mingzhe||Ping An Insurance Group||Chairman, CEO||Male||62||8.8899|
|9||Yang Xiaobo||Anxin Trust||Director, president||Male||42||8.619|
|10||He Fang||Western Securities||General manager||Male||42||7.861|
|11||Jiang Wenguo||Guojin Securities||Vice-president||Male||51||7.7282|
|12||Meng Qinglin||Huatai Securities||Professional supervisor||Male||50||7.627|
|13||Cai Fangfang||Ping An Insurance Group||Executive director, chief human sources executive officer||Female||44||7.1124|
|14||Sun Jianyi||Ping An Insurance Group||Vice general manager||Male||65||7.0084|
|15||Ren Huichuan||Ping An Insurance Group||Executive director/ general manager||Male||49||6.9213|
|16||Yang Minghui||Citic Securities||Executive director/ general manager||Male||54||6.9060|
|17||Li Changwei||Taiping Insurance||General manager||Male||54||6.8407|
|18||Zheng Xiaoman||Huaxi Securities||Supervisory director||Male||61||6.417|
|19||Liang Qingde||Anxin Trust||Vice-president||Male||55||6.377|
|20||Lin Zhihai||Guangfa Securities||Executive director/ general manager||Male||54||6.0572|
|21||Feng Zhixin||Anxin Trust||Risk supervisor||Male||41||5.8700|
|22||Tang Weihua||Taiping Insurance||Vice general manager/ secretary director||Male||44||5.8141|
|23||Hu Dezhong||Guohai Securities||Vice president||Male||50||5.5689|
|24||Ji Lu||Guojin Securities||Vice president||Male||43||5.5596|
|25||Zhang Youjun||Citic Securities||Executive director, chair||Male||53||5.5318|
|26||Jiang Chengjun||Haitong Securities||General manage assistant/ chief secretary||Male||50||5.4742|
|27||Zu Qiang||Huaxi Securities||Chief operations officer, vice president||Male||54||5.4463|
|28||Peng Min||Huatai Securities||Professional supervisor||Female||54||5.4259|
|29||Yang Bin||Dongfang Securities||Chief risk officer/ compliance supervisor||Male||46||5.3500|
|30||Yang Jiongyang||Huaxi Securities||Director/ chief manager||Male||51||5.3280|
|31||Yu Jian||Guotai Junan||Executive director||Male||54||5.2325|
|32||Tian Huiyu||China Merchants Bank||Executive director/ chief executive officer||Male||53||5.2206|
|33||Gongli Qihui||Haitong Securities||Vice general manager||Male||53||5.1718|
|34||Sun Shuming||Guangfa Securities||Executive director/ chair||Male||56||5.1694|
|35||Chen Kexiang||Ping An Insurance Group||Vice general manager||Male||60||5.1171|
|36||Wang Yan||China Merchants Securities||Executive director, chief executive officer||Male||52||5.1098|
|37||Zhou Lan||Taiping insurance||Vice general manager/ financial supervisor||Male||42||5.098|
|38||Cai Qiuquan||Huaxi Securities||Chairman||Male||52||5.0357|
|39||Ran Yun||Guojin Securities||Chairman||Male||54||5.0178|
|40||Chen Chunqian||Haitong Securities||Assistant general manager||Male||55||5.0001|