1.5 million Chinese officials must declare assets

Officials being considered for new positions will be disqualified from candidacy if they are found to have deliberately concealed anything important.

A total of 1.5 million officials in China will have to submit reports on their assets and investments in 2014 to the Communist Party of China (CPC).

Chinese official (photo: CFP)

In 2015, the rate of random asset checks of Chinese officials will increase to 10% from 5% last year.In addition, according to new regulations of the Chinese government, officials who are being promoted to important positions will be thoroughly checked for their backgrounds and will be required to write reports explaining any shortcomings (if any) during their work.

If they are found to have deliberately covered up anything important they will be disqualified from being candidates for the new position.Since 2010, officials at the district level and above in China have been required to declare personal information including assets, personal income, investments, travel, etc. However, since last year, China has only begun random checks to determine the information declared by officials./.

According to VOV.VN