HONG Kong-listed China Construction Bank said that its board has approved a plan to let the lender's 300,000 employees become shareholders in an aggressive incentive plan to help improve operations.

The bank said it will set up a special fund to buy shares for its employee equivalent to 1 to 2 percent of the bank's total equities, with a market value likely to reach 15.6 billion yuan (US$1.95 billion). The CCB also plans to raise employee salaries 30 percent this year. The bank's average salary now stands at only 88,000 yuan annually, with its Chairman Guo Shuqing, earning 800,000 yuan a year, both far less than at big foreign banks.

Source:佚名