Beijing companies will offer annual salaries of up to two million yuan (about HK$1.87 million) at a Hong Kong roadshow at the end of this month in a bid to hire top-tier management talent. The latest organised recruitment drive follows moves by firms from Guangzhou and Shanghai to offer handsome payment packages to attract overseas talent in the past 12 months. Mainland firms urgently need to improve their corporate management standards to fend off well-organised foreign enterprises in the wake of China's World Trade Organisation entry. 'Beijing enterprises are very enthusiastic about the coming recruitment campaign,' said Xin Tieliang, director-general of Beijing Municipal Personnel Bureau. More than 100 prospective employers, including sizeable companies such as Stone Group, will offer 285 jobs during the recruitment roadshow at the Hong Kong Convention and Exhibition Centre on October 29 and 30. Annual salaries for the positions to be offered range from about 150,000 yuan to two million yuan for posts from managers to chief executives. The municipal government initiative is the first organised overseas recruitment roadshow for the city's enterprises. The latest offer of jobs by mainland companies might give new hope to Hong Kong people facing worsening employment prospects with the unemployment rate standing at 7.6 per cent in the third quarter. The recruitment roadshow is part of the two-day Beijing-Hong Kong Economic Co-operation Symposium. Tang Long, deputy secretary-general of the Beijing city government, said the government would introduce nearly 100 projects, with an average value of US$80 million, to foreign investors during the symposium. The projects range from infrastructure, property and tourism developments to Olympic Games-related projects. Seven Olympic-related projects such as stadiums, gymnasiums and office buildings would be offered for international public tender, Mr Tang said, ensuring the 2008 Games were up to international standard. Morrison & Foerster has been appointed international legal counsel, assisting the city with a range of legal advice such as marketing, the protection of intellectual property and venue construction.