Government and Policy

China willing to set up assets declaration system

(Xinhua)
Updated: 2011-06-22 16:11

BEIJING - China takes a positive attitude toward establishing a system for government officials to declare their personal assets and work in this regard is progressing steadily, a senior discipline inspection official said Wednesday.

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Wu Yuliang, deputy secretary of the Central Commission for Discipline Inspection (CCDI) of the Communist Party of China (CPC), made the remarks at a press conference.

Wu said assets declaration has been a common practice in fighting corruption in many countries and it has proved to be effective. "We have been positive in setting up such a system," Wu said.

Wu, however, did not offer a timetable of the establishment of assets declaration system for officials.

According to the Communist Party of China Central Committee's anti-corruption guidelines for 2008-2012, the Party will accelerate research and evaluation on the system.

A revised regulation that was issued last year also requires officials to report their personal income, and their children's and spouses' employment status, homes and investment, Wu said.

The public generally supports the idea to introduce such a system and the Party's push to upgrade supervision of officials.

The CPC Central Committee and the State Council promulgated a regulation in April 1995 which requires high-ranking officials to declare their incomes.

But some corrupt officials are found to have transferred their illegal gains overseas, to their spouses or children to avoid punishment.