The Central Committee of the Communist Party of China Issues the 'Regulations on Clean Conduct for Leaders of State-Owned Enterprises': Prohibiting the Acceptance of 'Virtual Currency' and Other Assets

Foresight News reports, according to People's Daily, the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council recently issued the 'Regulations on Clean Conduct for Leaders of State-Owned Enterprises.' Article 7 explicitly prohibits leaders of state-owned enterprises from using their authority or influence for personal gain, including: accepting gifts, monetary rewards, or virtual currency and other assets from affiliated enterprises; engaging in disguised acceptance of assets through unfair transactions involving real estate, vehicles, etc.; entrusting others to invest in securities or futures without contributing funds but still profiting; conducting power-for-money transactions through anonymous equity participation or proxy shareholding; obtaining large returns through private lending or other financial activities; exploiting corporate insider information or trade secrets for personal benefit; embezzling or illegally appropriating corporate assets; and pocketing discounts, intermediary fees, or reward rebates. Violators will be dealt with in accordance with regulations, discipline, and the law.