( February 7, 2018, 07:26 GMT | Official Statement) -- MLex Summary: Chinese anticorruption officials will investigate the leaders of state-owned enterprises, their children, and SOEs' investments, mergers and acquisitions and international operations, said Jiang Jinquan, head of the anticorruption team at the State-owned Assets Supervision and Administration Commission in a speech published on SASAC's website today. He called on SOEs to set up compliance systems, including internal investigation and enforcement functions, to prevent corruption and nepotism involving the spouses and children of company bosses.SASAC's statement follows:...
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.