China mulls red lines to protect state assets against SOE graft  

國企高管貪100萬平均流失1億國資 國家擬設政策紅線

正在大刀闊斧進行的國企改革將設政策“紅線”。《經濟參考報》記者日前從權威渠道獲悉，作為推進深化國有企業改革重要部分，針對目前正在進行的國企改革，國家層面正在醞釀相關政策防止國有資產流失，對改革中可能出現的“灰色地帶”加強監管，保證國企改革順利進行。[查看全文]

(ECNS) --In efforts to boost reform among state-owned enterprises (SOEs), China is mulling a set of red lines to protect its assets against official corruption, Information Daily said, citing an expert.

Li Jin, Vice Director of China Enterprise Reform and Development Society, said reforms are aimed to improve supervision as well as curb potential loss of state assets and further corruption.

A portion of people have shown a tendency to privately profit from mixed-ownership reforms, as these involve asset restructuring and spinoffs, he said, adding that "grey areas" have emerged due to un-robust regulations and un-transparent supervision.

Society vice director Zhou Fangsheng said in an interview with Xinhua that as much as 100-million-yuan ($16.3 million) in illegal deals involving state assets are made possible when a SOE official takes a bribe of one million yuna ($163,201) on average.

Many experts agree that preventing the loss of state assets via proper supervision is vital for successful reform.

To date, about 20 provincial and municipal governments, including those in Shanghai and South China's Guangdong Province, have worked out road maps for local mixed-ownership SOE reforms, according to media reports.