Recruiting in China

Annual reports from several Chinese banks over the weekend reveal sky-high salaries for the senior management boards in China's banking sector. China Minsheng Banking Corporation stands out with the highest paycheck.

Dong WenBiao, the president of China Minsheng Bank, tops the income chart. His annual pre-tax salary reached over 17.5 million yuan last year.

China Merchants Bank is also being generous to senior executives. In 2007, it doled out 53 million yuan to 26 board members and executives, and its CEO, Guan MaWei, earned nearly 10-million yuan pre-tax.

The Industrial bank paid out nearly 16-million yuan to 15 board members and executives. And its president, Gao JianPing, earned nearly 3 million yuan.