The top rate of personal tax in China is 45 per cent, compared with 17 per cent in Hong Kong and 20 per cent in Singapore.
China is expected to roll out new personal tax relief policies for top executives, in an effort to help its biggest and most successful firms, and start-ups, hold onto their best talent.
Business consultancies now expect top corporate officials to be offered tax relief on more non-cash types of remuneration, which are becoming increasingly popular within executive pay packages, as Beijing steps up its effort to gain an edge in keeping its most-promising executives from leaving the country to work overseas.