Median total cash compensation for executives of A share companies by sectors (RMB’000)
Executives compensation in Hong Kong3 (RMB’000)
Median total cash compensation for executives of Hong Kong listed companies by sectors (RMB’000)
In general, LTI did not contribute a significant portion of executive total compensation in both A share and Hong Kong listed companies in 2010.
Our 2011 Mainland China and Hong Kong executive compensation report reveals a significant increase in total cash compensation across all executive positions in both markets in 2010.
In our report, we analyse executive and independent/non-executive director compensation for main board listed A share companies in Mainland China and the largest1 200 companies listed in Hong Kong2 in terms of:
Compensation levels in A share companies
The median of CEO’s total cash compensation increase was 5% in 2009 during the financial crisis and 12% in 2010.
The finance sector had the highest median total cash compensation followed by the mining, wholesale & retail, and real estate sectors. The agriculture sector had the lowest executive compensation levels.
Median total cash compensation for executives of A share companies by sectors (RMB’000)
Generally, the median of executive compensation increased with company capitalisation or revenue.
Compensation levels in Hong Kong listed companies
The median of CEOs’ total cash compensation increase was 19% in 2010. Hong Kong based companies paid much higher than Mainland based companies.
Executives compensation in Hong Kong3 (RMB’000)
The real estate sector had the highest median total cash compensation level for CEOs and other senior executives (OSEs) followed by the finance sector. The executives in the construction sector were lowest paid.
Median total cash compensation for executives of Hong Kong listed companies by sectors (RMB’000)
Compensation levels did not appear to be linearly correlated to company size, as measured by market capitalisation or company revenue.
1 By market capitalisation as of 31 December 2010
2 Our analysis for Hong Kong is separated into two main categories: Hong Kong based companies (whose main operations are in Hong Kong) and Mainland based companies (whose main operations are in Mainland China).
3 The numbers in this table present independent analyses of each compensation element. As there are not necessarily the same number of data points for each compensation element, the medians of each element are unlikely to sum to the median total compensation. In some rare cases, the median of total compensation is less than the median of total cash due to different data points of the two compensation elements.
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