5 Out of 10 Best-Paid China Execs Work in Real Estate – See Them Here

Real estate investment may account for 15 percent of China’s GDP, but its real estate leaders represent 50 percent of the country’s highest paid executives, according to data from an international human resources data provider. And four out of those five all work at the same company.

Zhong Chongwu, chairman of Changli Iron & Steel, topped the charts of executive pay among China’s listed companies in 2013 with a salary of RMB 19.73 million, acing out last year’s leader, Vanke’s Wang Shi, thanks to a hefty 30.12 percent pay increase from 2012.

In the last four years Changli’s net profits have increased by a multiple of 17.

Don’t be too quick to cry for Wang Shi, however, not only did the Chairman of Shenzhen-based Vanke place second with a salary of RMB 15.9 million last year, all while he was off in the US studying at Harvard and honing his skills as a gentleman-scholar, but several of his colleagues joined him.

In a remarkable display of a flat organisational structure in China, three other Vanke executives landed in the top 10 including President Yu Liang who placed third overall, Vice-President Zhang Jiwen who finished eighth on the list, and Chairman of the Board of Supervisors, Ding Fuyuan who came in tenth.

China’s 10 Highest Paid Executives

1. Zhong Chongwu, Chairman, Changli Iron & Steel

2. Wang Shi, Chairman, China Vanke

3. Yu Liang, President, China Vanke

4. Yin Ke, CEO, CITIC Securities

5. Chen Dexian, CIO, China Pingan

6. Ren Zhiqiang, Chairman, Huayuan Property

7. Ma Mingzhe, CEO, China Pingan

8. Zhang Jiwen, Vice President, China Vanke

9. Gu Min, Vice President, China Pingan

10. Ding Fuyuan, Chairman of the Board of Supervision, China Vanke

 

Outspoken real estate tycoon Ren Zhiqiang, chairman of Huayuan Property, placed sixth on the list thanks to a 2013 salary which rose by 36.9 percent to RMB 11.45 million. The salary figures were gathered by human resources consultancy iFinD.