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Ex-Regulators Draw Top Pay to Help Firms Decode China Crackdown

  • Officials from CSRC, Commerce Ministry are most in demand
  • Government affairs specialists pay has doubled in five years
SHANGHAI GETTY sub
Photographer: Kevin Frayer/Getty Images

Companies in China are scouring ministries and regulators for officials willing to cross over and help them navigate a sweeping crackdown on the private sector that has upended some of the nation’s most high-profile firms.

Officials at watchdogs in charge of the financial system, and those from ministries overseeing commerce, industry and information are the most sought after, with pay packages in some instances approaching half a million dollars, about 60 times the average for civil servants, according to headhunters.