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Recent audits in 15 Chinese provincial-level regions have revealed extensive financial mismanagement, unauthorized trading and rising investment risks at local state-owned enterprises.
Reports from 15 provincial-level regions pointed to inflated revenue through irregular trades, poorly managed investments, unused assets and failures to transfer required state capital gains
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Recent audits in 15 Chinese provincial-level regions have revealed extensive financial mismanagement, unauthorized trading and rising investment risks at local state-owned enterprises.

A look beyond headline growth figures reveals how provinces are relying on the monetization of state assets to fill in the gaps…

Some regions artificially reduced balances by simply deleting records from the debt management system, the country’s top auditor…

A sweeping national audit revealed that dozens of local governments misappropriated $4.12 billion intended for rural…

Zhejiang’s former state-assets chief surrendered to corruption investigators, while a senior financial regulator’s profile was…

A look beyond headline growth figures reveals how provinces are relying on the monetization of state assets to fill in the gaps…

While the central government is cracking down on tax evasion, provincial governments are scrambling for cash in ways that can be…