China’s Millions of Communist Party Officials Warned Against Investing in Private Equity ...Middle East

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China’s Millions of Communist Party Officials Warned Against Investing in Private Equity
[time-brightcove not-tgx=”true”] China’s millions of Communist Party cadres were warned to stay away from investing in private equity to avoid ownership situations that can breed corruption. Such investing creates doubts about the integrity of officials and opens the door to the abuse of power for personal gains, an official publisher of the Central Commission for Discipline Inspection said in a recent article.  The practice, which would make them indirect shareholders in firms, is essentially akin to illegally running a business and it should be dealt with accordingly, according to the article. Read More: China’s Expanded Anti-Espionage Law Threatens Business Consultants a

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