New regulations issued for financial SOEs
By Wang Huazhong (chinadaily.com.cn) Updated: 2012-11-22 15:01New regulations released on Wednesday banning luxurious decorations in offices and the purchase of above-the-standard cars for officials of State-owned financial companies.
China's top finance supervision and audit authorities issued the regulations to define and manage the business expenses of the officials.
The regulation, which takes effect on Dec 1, aims to drive forward transparency and supervision of business expenses.
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