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China issues supervisory rules to handle dereliction of duty by SOE executives

Xinhua | Updated: 2022-02-15 10:27
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Sinopec employees charge a vehicle with hydrogen in Qingdao, Shandong province. [Photo by Yu Fangping/For China Daily]

BEIJING -- China's top supervisory agency has issued a set of rules to handle the dereliction of duty by management personnel of state-owned enterprises.

The document was on Monday made public on the website of the Communist Party of China Central Commission for Discipline Inspection and the National Supervisory Commission.

It is the NSC's first document on substantive rules to guide the work of supervisory agencies in identifying duty-related violations.

The new rules deal with identification issues in cases of illegal personnel involvement in similar businesses, seeking benefits for others, and the negligence and abuse of power.

The NSC said in a statement that the document is aimed at deepening anti-corruption work in SOEs, and punishing relevant violations with a zero-tolerance stance to promote the high-quality development of SOEs.

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