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Official denies total stock trading ban for CPC members

Xinhua, November 2, 2015 Adjust font size:

A ban on stock trade will not apply to all 88 million Communist Party of China (CPC) members, an official with the Party's top discipline watchdog said on Monday.

The CPC has listed illegal stock trade and other investments in securities as violating Party rules in an effort to stop its members from engaging in corrupt practices.

Such rules have made people question whether an all-out ban has been put into place.

The restriction on stock trading has been changed from a complete ban for officials in Party and government departments to a prohibition for certain types of people, said Ma Senshu with the CPC Central Commission for Discipline Inspection.

According to a regulation adopted in 2001, stock trading by those working for the security watchdog, stock or futures exchange shall be limited. Their parents, spouses and children shall be restricted as well.

The CPC Central Committee adopted updated rules on sanctions for those who violate the Party code of conduct on Oct. 12, as the old regulations did not take into account the launch of the anti-corruption drive.

Party members are now banned from making "reckless" remarks about the CPC Central Committee's key policies for the first time under the revised regulations.

Such behavior can harm the Party's unity and obstruct effective implementation of vital decisions made by the authorities, said Ma. Endi