Forbes announced its annual list of China's best CEOs recently and tech entrepreneur, Liu Chengyan, emerged on top. Liu is the chairman of Wangsu Science and Technology, an internet service platform provider. Forbes noted that the Liu was able to drive a 104 percent increase in profit for the company while Wangsu's Shenzen-traded shares increased twice in the past 12 months. Liu is also pushing profitability further as he steers Wangsu towards more growth this year through agressive expansion in cloud-related services.
Liu is followed by Ao Xiaoqiang, of Beijing SDL Technology Co Ltd., and, Liu Xianghua of Hunan CHINASUN Pharmaceutical Machinery Co., respectively. All in all, 14 CEOs from the internet, entertainment and high technology industries made the cut for two consecutive years, noted Asia One. Forbes has been evaluating the performances of CEOs of listed companies in mainland China and identifies the top 50 highest-performing managers. Companies that are publicly traded in the U.S. and Hong Kong - those that do most of their business in China - were also included, according to Forbes.
Interestingly, China's best performing CEOs are not the highest paid among the pack. Forbes ranked Yang Yuan Qing, CEO of Lenovo, in the number one spot in terms of salary. He is taking home close to 120 million RMB or about $20 million annually, Human Resources reported. "The study showed that in 2014, more than 352 CEOs from A-share companies had an annual income of more than one million RMB, 11 less than the year before," according to the report.
While the Forbes' list is still dominated by male CEOs, eight females were included this year, an improvement after the six female CEOs included in 2014.
