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HALF-YEAR REPORT 2016
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Human Resources
Equality
In adherence to our people-oriented principles, we offer equal opportunities in employment, career
advancement, remuneration and benefits, as well as training and development to provide a broad platform for
the diversified development of our employees. As part of our active efforts to foster a harmonious employer-
employee relationship, we operate against any discrimination in connection with ethnicity, nationality, religion,
physical disability or gender, while child or forced labour is strictly forbidden.
Incentives
Our remuneration policy is results-based and market-oriented, formulated under the guidance of remuneration
policies of local governments of regions where we operate and with reference to data on remuneration
furnished by professional consulting agencies. It takes into account all factors and seeks balance between
internal and external requirements, placing equal emphasis on the market-competitiveness of our remuneration
and fairness among employees.
We have adopted a market-based incentive and appraisal system that links staff remuneration with business
results. Decisions regarding human resources, such as those in relation to remuneration adjustment, bonus
allocation, promotion, training and incentives, are made on the basis of a scientifically performance appraisal
mechanism.
We are in stringent compliance with the requirements of local governments in relation to staff insurance, benefit
plans, work hours and annual leave provisions, and provide social insurance with full-coverage. Most subsidiaries
also offer additional benefits and insurance coverage for staff, such as corporate annuities (supplementary
pension insurance) and supplementary medical insurance.
Training
Staff training is a top priority for CITIC, which endeavours to provide different channels for staff training to
enhance the expertise of its employees and maximise the ability to add value in all employees. With the
establishment of CITIC School of Management, we are actively building a staff training platform and regime
bearing CITIC characteristics and complementary to its business development. We have organised a number of
premium training projects in solid implementation of our talent strategy, and held our first training session for
Hong Kong employees.