Rules set to fix financial problems

Inspection closes loopholes that took money away from combat capability

The People's Liberation Army has issued a regulation to correct 69 financial irregularities and close all the loopholes in its treasury.

The irregularities targeted by the regulation, released by the PLA's Leading Group of Financial Inspectors, include adjustments made to budgets without proper approvals, appropriation or embezzlement of designated funds, irregular granting of subsidies or allowances, as well as excessive spending on receptions and entertainment.