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Party Issues Anti-Corruption Rules to SOE Executives

Recently, the Chinese Communist Party’s Central Disciplinary Committee issued “Seven Rules” to warn executives of State owned companies. The rules warned that violators will face punishment, including the revocation of party membership. The article did not explain what punishments might be applied to non-party members.

The rules include language such as “profit taking for oneself or others using one’s official position is not allowed”, “no beneficial trade for one’s spouse and children using one’s official position [is allowed]” and “forcing accounting and financial professionals to forge fake financial reports is not permitted.”

All seven banned forms of misconduct are already illegal activities, raising the question of why the Party has to tell its senior members to obey existing laws.

Source: Jing Hua Shi Bao, July 16, 2008