The Central Committee of the Communist Party of China Issued the "Regulations on Clean Conduct for Leaders and Managers of State-Owned Enterprises": Prohibits Accepting "Virtual Currency" and Other Property

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Deep Tide TechFlow News, March 24 — According to People’s Daily, the General Office of the CPC Central Committee and the General Office of the State Council recently issued the “Regulations on Integrity in the Employment of Leaders of State-Owned Enterprises.” Article 7 clearly prohibits leaders of state-owned enterprises from using their authority or influence for personal gain, including: accepting gifts, cash, or virtual currencies from related companies; buying or selling property and vehicles at unfair prices to indirectly receive benefits; entrusting others to invest in securities or futures without contributing funds but gaining profits; conducting disguised stock or equity transactions through anonymous or nominee holdings; obtaining large returns through private lending or other financial activities; using insider information or trade secrets for personal benefit; embezzling or misappropriating enterprise assets; pocketing discounts, intermediary fees, or reward rebates. Violators will be dealt with in accordance with laws, regulations, and discipline.

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