The Central Committee of the Communist Party of China issues new regulations on clean conduct for state-owned enterprise leaders, explicitly prohibiting the acceptance of virtual currencies and other property.

Gate News, March 24 — The General Office of the Central Committee of the Communist Party of China and the General Office of the State Council recently issued the “Regulations on the Integrity of Leadership Personnel in 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, virtual currencies, and other assets from related companies; engaging in transactions such as buying and selling property and vehicles at unfair prices to covertly receive assets; entrusting others to invest in securities and futures without contributing funds but gaining benefits; conducting power and money transactions through anonymous shareholding or proxy holdings; obtaining large returns through private lending and other financial activities; using insider information or trade secrets for personal gain; embezzling or illegally misappropriating enterprise assets; pocketing discounts, intermediary fees, and reward returns. The regulations specify that those who violate these provisions will be dealt with in accordance with rules, discipline, and law.