Incentive scheme

JIANGXI Copper Co, China's second-largest producer of the metal, plans to award senior managers with incentives that enable them to benefit from stock-price gains in a bid to spur their performance.

The Guixi, Jiangxi Province-based company will offer bonuses linked to the share-price performance in Hong Kong over a 10-year period starting in 2008, Jiangxi Copper said in a statement to the Shanghai Stock Exchange yesterday.

Jiangxi Copper joins Baoshan Iron & Steel Co, China's largest steel maker, and other state enterprises in adopting incentive programs since regulators granted clearance for such schemes last year.