Shanghai's ban on officials' family businesses needs better coverage
SHANGHAI OFFICIALLY ANNOUNCED A NEW REGULATION on Monday that prohibits family members of leading local officials from running related businesses in the zones where they hold leading positions. For those whose spouses or children are already running businesses, either the official or the family member must quit. Comments:
Quite a high percentage of the recent corruption cases involved family members of the officials concerned running businesses that took advantage of the official's position or laundered bribes through their bank accounts. This corruption related to the family is already a common phenomenon. Shanghai's regulation shows the authorities are heeding the lesson and trying to cut the illegal transfer of interests.
xinhuanet.com, May 4