China: Premier Li vows clean governance, crackdown on financial corruption

Author(s): UNK | Date: April 10, 2017 | Language: English
Source: | URL: | Type: Text

Chinese Premier Li Keqiang has vowed more efforts in promoting clean governance, stressing reinforced supervision over the use of state assets and harsh crackdown on financial corruption.
Li said China has achieved new and important progress in clean governance and corruption fight in 2016, but there are still problems requiring stronger measures, according to a full text of Li’s speech on clean governance delivered on March 21, which was released on Sunday.
State assets are properties owned by all the people and matter the national economy, Li said, urging authorities to take “powerful” measures to avoid loss of state assets and prevent corruption in the financial sector.
Currently the financial sector is vulnerable to risks such as bad assets, shadow banking and illegal Internet financing, and illicit acts of staff have been frequently reported, according to Li.

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