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26 centrally-administered SOEs to be inspected

Xinhua, February 11, 2015 Adjust font size:

The first round of disciplinary inspection for 2015 will cover 26 centrally-administered state-owned enterprises (SOE), China's chief graft-buster said on Wednesday.

They will include the National Nuclear Corporation, National Petroleum Corporation, Huaneng Group, State Grid Corporation and China Mobile, said Wang Qishan, secretary of the Communist Party of China's (CPC) Central Commission for Discipline Inspection (CCDI).

The SOEs have played an important role in China's public ownership economy and made great contributions to economic and social development, Wang said. However, problems have been uncovered in the administration of many SOEs through inspection, audits and petitions, Wang added.

Some CPC committees of the SOEs had failed to run the Party properly and some officials disobeyed the law to seek promotion via bribery. Problems have also been found in cadre selection, selling and buying positions and forming cliques, Wang said.

Some officials of the SOEs abused their power, broke procurement and bidding rules, sought benefits for their offspring and ignore the anti-graft "eight point" regulation.

"All these problems show weak awareness of the CPC spirit and responsibilities," Wang added. Endi