According to Xinhua News Agency, the General Office of the Central Committee of the Chinese Communist Party (CCP) recently issued “Regulations on the business activities of high officials’ spouses, their children and their spouses.” The regulation offers clear and specific provisions on the applicable objects and circumstances, working measures and disciplinary requirements concerning officials’ spouses, their children and their spouses who run businesses or enterprises. The higher the level of an officials’ position, the stricter the requirements, and the integrated departments are stricter than other departments.
The “regulations” apply mainly to the officials of the CCP’s and the government’s organs, groups and organizations, enterprises and institutions at the level of department and bureau and above including the equivalent level of any position.
As for what is called “running a business or an enterprise,” it mainly refers to investing in the start of a business, holding senior positions in private or foreign-funded enterprises, investing in and engaging in private equity funds, and engaging in paid social intermediary and legal services.
According to the regulation, officials are required to report on the business activities of their relatives every year. False reporting will lead to severe punishment.
For those who are “to be promoted or further employed ” if they do not meet the regulations on the prohibition of employment for the proposed post, they should quit the business and enterprises, or will not be appointed.
Source: Creaders.net, June 19, 2022.
https://news.creaders.net/china/2022/06/19/2495931.html