Izvestiya of Saratov University.

Economics. Management. Law

ISSN 1994-2540 (Print)
ISSN 2542-1956 (Online)

For citation:

Mizintseva M. F., Zhang W. The Remuneration of Employees of Banking Sector of the China. Journal Izvestiya of Saratov University. Economics. Management. Law, 2018, vol. 18, iss. 1, pp. 12-18. DOI: 10.18500/1994-2540-2018-18-1-12-18

This is an open access article distributed under the terms of Creative Commons Attribution 4.0 International License (CC-BY 4.0).
Full text PDF(Ru):
(downloads: 0)
Article type: 

The Remuneration of Employees of Banking Sector of the China

Mizintseva Mariya F., RUDN University
Zhang Wenzhi, RUDN University

Introduction. Labor resources in China have great potential for development. The number of employed citizens is 77500 thousand. However, the level of real unemployment in the country is high. Empirical analysis. The article analyses the level and characteristics of remuneration of employees of the banking sector of China. We study the structure of the working population of the country, it investigates the level of wages in the country, including in Chinese banks, is considered the minimum wage in Chinese cities. Given the problems existing in the programs of remuneration of the banks of China, including: the lack of communication targets reached and the amount of financial benefits, the underdevelopment of the system of bonus payments, the unpopularity of rewards for individual merit, gender discrimination in remuneration in the Bank of China, etc. Results. The article presents the main recommendations for improving the system of remuneration in the banking sector of China: among them: the introduction of Chinese banks in the remuneration system agreed with the results achieved, the expansion of the program of bonus payments, promotion and regular wage increases for young employees, the application of open and competitive wage systems, regular monitoring of employees‘ interests in wages, minimizing fines.

  1. Bulletin of the sixth national census of China 2010. National Bureau of Statistics of China, 2011. Available at: http://www.stats.gov.cn/tjsj/tjgb/rkpcgb/ qgrkpcgb/201104/t20110428_30327.html (accessed 12 November 2016) (in Chinese). 
  2. United Nations Statistics Division. Available at: http:// unstats.un.org/unsd/default.htm (accessed 18 November 2016). 
  3. Naselenie Kitaia (Population of China). Available at: http://countrymeters.info/ru/China (accessed 12 November 2016) (in Russian). 
  4. Trading Economics. Site. Available at: http:// ru.tradingeconomics.com/china/unemployed-persons (accessed 12 November 2016) (in Russian). 
  5. Total-Rating. Site. Available at: http://total-rating.ru (accessed 9 December 2016) (in Russian). 
  6. ICBC Business Review. Available at: http://www.icbc. com.cn/ICBC/About%20Us/Brief%20Introduction/ (accessed 25 November 2016). 
  7. Overchenko M. Rossiiskie kompanii v reitinge Financial Times po rynochnoi kapitalizatsii vernulis’ na 10 let nazad (Russian companies in the Financial Times ranking of market capitalization returned 10 years ago). Vedomosti, 2015, June. Available at: http://www.vedomosti.ru/economics/articles/2015/06/22/597310-rossiiskie-... nancial-times-po-rinochnoi-kapitalizatsiivernulis-na-10-let-nazad (accessed 25 November 2016) (in Russian). 
  8. China Construction Bank. Available at: http://www. ccb.com/en/newinvestor/overview.html (accessed 25 November 2016). 
  9. Agricultural Bank of China. Available at: http://www. abchina.com/en/about-us/about-abc/Overview/ (accessed 25 November 2016). 
  10. Bank of China. Site. Available at: http://www.boc.cn/en/ index.html (accessed 25 November 2016) (in Chinese). 
  11. Sredniaia zarplata v Kitae v raznykh otrasliakh (The average salary in China in various sectors). Available at: http://skolkozarabatyvaet.ru/srednie-zarplaty/srednyayazarplata-v-kitae-... (accessed 2 December 2016) (in Russian). 
  12. CNlegal.ru. Site. Available at: http://cnlegal.ru (accessed 9 December 2016) (in Russian).
  13. Dolzhenko O. S. Postroenie «otkrytoi» sistemy oplaty truda v bankakh [Construction of an «open» system of payment of the banks]. Vestnik Tomskogo gosudarstvennogo universiteta [Tomsk State University Journal]. Ser. Economy, 2012, no. 4 (20), pp. 138–147 (in Russian). 
  14. Kitaiskie banki nakryla lavina uvol’nenii top-menedzherov (Chinese banks have covered an avalanche of dismissals of top managers). Available at: http://www. mt5.com/ru/prime_news/fullview/18592/ (accessed 2 December 2016) (in Russian). 
  15. Indeks gendernogo ravenstva po versii PROON. Gumanitarnaia entsiklopediya (The Gender Equity Index of according to the UNDP. Humanitarian Encyclopedia). Tsentr gumanitarnykh tekhnologiy (Center of Humanitarian Technologies). Available at: http://gtmarket.ru/ratings/gender-equity-index-un/info (accessed 15 December 2016) (in Russian). 
  16. Trocuk I. V., Skrynnikova M. P., Czi C. Prioritety kitaiskoi molodezhi v professional’noi sfere i polozhenie molodykh spetsialistov na rynke truda KNR [Priorities of the Chinese youth in the professional fi eld and the position of young specialists in the labor market of China]. Teoryia i praktika obschestvennogo razvitiya [Theory and practice of social development], 2014, no. 12, pp. 42–45 (in Russian).