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The Central Committee of the Communist Party of China issued the "Regulations on Integrity in Professional Conduct for Leaders of State-Owned Enterprises": Prohibiting the acceptance of assets such as "virtual currency"

Mar 24, 2026 17:02:53

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According to the 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 the Integrity of Leaders of State-owned Enterprises."

Article 7 explicitly prohibits leaders of state-owned enterprises from using their power or position to seek personal gain, specifically including: accepting gifts, cash, and virtual currencies from related enterprises; buying and selling real estate and vehicles at unfair prices as a disguised form of receiving property; entrusting others to invest in securities and futures without contributing capital but still benefiting; engaging in power-for-money transactions through anonymous shareholding or holding shares on behalf of others; obtaining large returns through financial activities such as private lending; using insider information or trade secrets for personal gain; embezzling or illegally occupying and misappropriating company property; and pocketing discounts, intermediary fees, and reward returns. Violators will be dealt with according to regulations, discipline, and law.

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