Salaries at China top SOEs will increase with good performance
President Xi Jinping has overseen a push to re-establish the party in Chinese business and institutions, stating that a “key few” loyal and talented officials should play a greater role in leading the country.
These efforts, often described as efforts to strengthen party discipline, dovetail with Xi's war on graft, a multi-year campaign to target offenders at all levels.
New rules released on Sunday will create for the first time a “system of responsibility” to ensure appointed executives are carrying out work to promote party ideology in China's national-level SOEs, the party's official People's Daily newspaper reported.
A meeting by the State-owned Assets Supervision and Administration Commission (Sasac), which appoints top executives in SOEs and approves mergers and sales of their assets, was held in Beijing on Monday.
The party committee secretary and chairman are shouldered as one
Hao Peng of Sasac
It was decided that the rules will link pay, appointment or dismissal and other rewards or punishments to assessments of how well individuals carrying out “party building” work, the article said.
“We must resolutely assess party building, without tests there is no way to hold (people) accountable,” Hao Peng, party secretary of Sasac said at the meeting, according to the state broadcaster.
The party appoints party executives to top positions in SOEs, and party loyalty has always been a part of assessing officials' performance. Practically all large institutions and companies have a party unit.
President Xi Jinping wants loyal officials to play a larger role in leading the country
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The party appoints party executives to top positions in SOEs
But as China's SOEs began to internationalise and take some entities public, the party role has waned in some organisations, with executives choosing their business role over party work, a phenomenon the new rules hope to address.
“The party committee secretary and chairman are shouldered as one; two jobs, two duties with only one person in charge; we must resolutely avoid paying attention to one while neglecting the other,” Hao Peng said, according to the People's Daily.