News Letter
Weather
Community
English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
China
World
Opinion
Business
Sci-Edu
Culture/Life
Sports
Photos
 Services
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
 Search
 About China
- China at a glance
- Chinese history
- Constitution
- CPC & state organs
- Chinese leadership
- Selected Works of Deng Xiaoping

Home >> China
UPDATED: 08:13, January 25, 2005
China seeks to curb corruption in big state companies
font size    

China is seeking to end corruption in large state-owned companies, a senior official with the State-owned Assets Supervision and Administration Commission (SASAC) said Monday.

Huang Danhua, secretary of SASAC discipline inspection commission, said at a meeting that some leading officials in big state companies do not abide by discipline and rules set by the Communist Party of China (CPC) Central Committee.

Some, she said, misuse their power for their relatives to gain advantages, some violate decision-making mechanisms and cause losses to their companies, some embezzle state assets in management buyouts or state assets transactions and some take bribes.

SASAC is attaching great importance to those problems, which "stain the image" of big state companies, Huang said.

She said SASAC is trying to improve its discipline inspection mechanism and will enforce it at the big state companies, which are directly controlled by the central government.

A modern corporate system in accordance with international practice will help prevent corruption, she said.

Mandated by the State Council, SASAC supervises and controls 181 state companies.


Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this


   Recommendation
- China Forum
- PD Newsletter
- People's Comment
- Most Popular
 Related News
- Communist Party to play bigger role in state companies

- CPC to reinforce leading role in SOEs reform, development: official document


Copyright by People's Daily Online, all rights reserved