China mulls red lines to protect state assets against SOE graft  

国企高管贪100万平均流失1亿国资 国家拟设政策红线

正在大刀阔斧进行的国企改革将设政策“红线”。《经济参考报》记者日前从权威渠道获悉，作为推进深化国有企业改革重要部分，针对目前正在进行的国企改革，国家层面正在酝酿相关政策防止国有资产流失，对改革中可能出现的“灰色地带”加强监管，保证国企改革顺利进行。[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.