A senior official with the State-owned Assets Supervision and Administration Commission (SASAC) said Monday that information sharing inside big state companies would greatly reduce the possibility of corruption.

Huang Danhua, secretary of the SASAC discipline inspection commission, said at a meeting that the information sharing system needs to cover assets management, cash flow, logistics, procurement, manufacturing, sales and other business fields.

"Effective information sharing systems could monitor business in companies in an all-round way," she said.

A total of 3,112 state-owned companies throughout the country now use information sharing systems and 84 big state companies wholly owned by the central government have constructed databases of anti-corruption information.

"The anti-corruption drive should be adopted in every step of process in corporate restructuring: mergers, assets transfers, investment decisions and the recruitment of high-ranking officials," Huang said.

Nearly 30 big state companies have been organized by SASAC as pilot companies for credit building, standardization of company management and establishment of early warning mechanisms for corruption.

Mandated by the State Council, SASAC directly controls 181 state companies, which are vitally important to the national economy and state security.