Fight against commercial bribery
By Zhang Lu (China Daily)
Updated: 2006-07-08 08:56
China's major banking institutions on Friday vowed to fight commercial
bribery to safeguard the market order of the country's financial sector.
Sixty-eight members of the China Banking Association signed an
anti-commercial bribery commitment in Beijing pledging to strengthen
self-discipline, promote fair competition, resist illegal transactions and
establish an ongoing system to combat commercial bribery.
Under the commitment members will co-operate with a special working programme
run by the China Banking Regulatory Commission (CBRC) on the issue.
Members of the association, including all major domestic banks, asset
management companies and rural co-operatives, also signed three conventions on
fair competition in the sector, moral behaviour of staff and the rational flow
of talent.
"Signing the commitment and the three conventions will play an active role in
protecting a good market order of the banking industry," said Jiang Dingzhi,
vice-chairman of the CBRC.
Jiang said all banking institutions should pay close attention to the
anti-commercial bribery programme and take action according to the requirements
of the commitment and conventions.
Yang Mingsheng, president of Agricultural Bank of China, said: "The bank will
carry out specific rules and regulations in anti-commercial bribery and
self-discipline."
"The banking association will establish a report and complaint system for the
public's supervision," said Guo Shuqing, director of the China Banking
Association and chairman of China Construction Bank.
The public will be able to report commercial bribery cases to the association
via two hotlines and its official website.
(For more biz stories, please visit Industry Updates)
|
