China's Anti-Graft Official Calls for Enhanced Oversight of State-Owned Enterprises

(MENAFN) Li Xi, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and secretary of the CPC Central Commission for Discipline Inspection, has called for strengthening oversight and inspection of state-owned enterprises administrated by central authorities and financial institutions. He made the remarks during a conference on national disciplinary inspection work, where 2023 inspection tasks were arranged.

Li emphasized the need to continuously promote targeted supervision and high-quality inspections, with a focus on the country's most fundamental interests. He also urged the promotion of the thorough implementation of the guiding principles of the 20th CPC National Congress and the CPC Central Committee's major decisions and plans.

To enhance effectiveness and leverage inspection as a powerful tool, Li called for solid efforts to carry out the 20th CPC Central Committee's first round of inspection. He issued separate instructions regarding the inspections of state-owned enterprises administrated by central authorities and financial institutions, as well as the General Administration of Sport of China.

On the same day, a list of targets of this round of inspection was announced, including the Party groups of 30 state-owned enterprises administrated by central authorities and the Party committees of five centrally-administrated state-owned financial institutions. The anti-graft official's instructions come amid ongoing efforts by the Chinese government to crack down on corruption and promote transparency and accountability in state-owned enterprises.

The CPC Central Commission for Discipline Inspection is responsible for overseeing discipline inspection and anti-corruption work within the CPC, as well as supervising the country's public officials and state-owned enterprises. The commission's work is seen as crucial to promoting good governance and maintaining public trust in the government and the Party.

As China continues to face economic and political challenges, the government's efforts to strengthen oversight and promote accountability in state-owned enterprises are closely watched by both domestic and international observers. The success of these efforts is seen as crucial to promoting sustainable development and ensuring a level playing field for all businesses in China.



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