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Anti-graft inspectors targeting 53 strategic SOEs in 2015

2015-02-04 13:40 CNTV Web Editor: Li Yan

China's anti-corruption watchdog has stepped up inspections of state-run conglomerates, focusing on strategic firms.

Anti-graft inspectors are targeting 53 strategic State-owned enterprises, where top executives hold the rank of deputy government ministers.

In the previous five rounds of inspection, the Central Commission for Discipline Inspection, or CCDI, dispatched teams to 14 SOEs, including SINOPEC, the Export-Import Bank of China and China Publishing Group Corporation.

This year, graft-busters have a mandate to focus on listed SOEs and go into the depths of a specific deal, a person, a subordinate unit, a project, or an expense. The idea is to get to the bottom of everything, signalling that there aren't any "no go areas" in their anti-graft drive.

The State-owned Assets Supervision and Administration Commission, or SASAC, the ministry-level body that directly oversees 112 state-owned enterprises, had requested SOEs to report any problems occurring during any important decision making process, to better supervise executives who have too much power, money and resources.

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