China's central SOEs watchdog vows to battle corruption

Source: Xinhua | January 23, 2014, Thursday |

Online Edition

The head of China's state assets regulator today vowed to fight corruption in state-owned enterprises (SOEs) administrated by the regulator.

At an anti-graft conference, Zhang Yi, head of the State-owned Assets Supervision and Administration Commission (SASAC), urged central SOEs to "set a higher priority on punishing corrupt officials" and "determinedly contain the spreading trend of corruption" in central SOEs.

Zhang, whose predecessor, Jiang Jiemin, was arrested in September last year as part of the new leaders' anti-corruption drive, also called on discipline inspection committees in central SOEs to "maintain independence and authority when fulfilling their watchdog duty."

Leaders of the central SOEs will be held responsible and severely punished if their dereliction of duty leads to the spread of corruption and they fail to stop, investigate and report major corruption problems.

Graft in the state sector, sometimes deemed a honey pot for corrupt officials, made headlines last year, when authorities launched investigations into five former senior executives, including Jiang, at state-run oil and gas giant PetroChina.

Other SOEs where corruption was uncovered include China Grain Reserves Corporation and the China Publishing Group Corp.

Nation

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

China's central SOEs watchdog vows to battle corruption

Email this to your friend