Date
14 December 2017
Wang Qishan, secretary of the Central Commission for Discipline Inspection, has urged state-owned enterprises to tighten discipline and intensify punishment for corrupt executives.
Wang Qishan, secretary of the Central Commission for Discipline Inspection, has urged state-owned enterprises to tighten discipline and intensify punishment for corrupt executives.

China strengthens anti-graft push in state firms

China has strengthened anti-corruption efforts in state-owned enterprises (SOEs) following a raft of issues uncovered in the state sector since last year, the Southern Metropolis Daily reported Thursday.

From this month, the chiefs of discipline inspection committees at 113 state firms had been ordered to focus on anti-graft fight within the enterprises full-time, the paper said. Previously, anti-corruption was their part-time job, as the officials had other duties.

Multi-tier anti-corruption forces have been set up so far internally and externally, the report said, noting that the top-level Communist Party inspection team — the commission for discipline inspection of the Central Committee — as well as the state assets watchdog, SOE board supervisors and top auditor have been involved in the exercise.

Apart from that, authorities have also called for greater media and social supervision.

SOEs have become one of the centers of the Chinese government’s anti-corruption drive. A total of 14 senior executives had been placed under investigation or were sacked in the campaign since last year. The list included Jiang Jiemin, former PetroChina chairman, and Song Lin, former chairman of China Resources Holdings.

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