Corporate honesty certificates

Shenzhen in South China's Guangdong province has introduced China's first standards on anti-bribery applicable to all enterprises.

The standards are not a compulsory certification system, but so far more than 60 domestic enterprises, including Vanke, a leading real estate enterprise, have expressed their desire to apply for certification that they meet the standards, as it is tantamount to gaining the label of an "honest, good and orderly" company, which will help them gain an upper hand over competitors without the certification.

Officials in Shenzhen said that enterprises with such a certification will also be chosen when it comes to government procurement contracts, projects and funds.