Off the wire
• Political advisors asked to better perform consultation function  • LME base metals mostly increase on Monday  • Iran says to assist Palestinians within legal framework  • BiH, Ukraine sign security agreement to fight against terrorism  • Algeria backs freezing oil production to increase prices  • France starts evacuation of Calais migrants camp under heavy security  • Beijing CPC committee vows punishment for Ren Zhiqiang  • Scotland's first minister warns of 2nd independence referendum in case of Brexit  • Turkish artillery forces strike IS targets inside Syria  • Finnish labor organizations reach agreement on social contracts  
You are here: 　 Home

China promotes share, dividend incentives among SOEs

Xinhua, March 1, 2016 Adjust font size:

China will allow state-owned technology firms to use share and dividend incentives to promote innovation, an official statement said on Monday.

Effective from Tuesday, state-owned technology firms that meet specified requirements will be allowed to distribute equity, options and dividends to technical and management staff, according to the joint statement issued by the Ministry of Finance, the Ministry of Science and Technology, and the State-owned Assets Supervision and Administration Commission of the State Council.

Big firms should distribute no more than 5 percent of total equity to employees while medium and small enterprises may distribute no more than 10 percent and 30 percent, respectively.

The decision is an expansion of pilot incentive programs in some national demonstration zones for independent innovations. Endit