Chinese officials will have to provide details of their assets, investments and foreign trips to the Communist Party of China (CPC) as per new regulations aimed at combating corruption, the media reported on Thursday.
The new regulations, released simultaneously by the General Office of the Central Committee of the CPC and General Office of the State Council, will also require officials to report their marital status, family assets, their criminal records and any other source of income, Efe news reported.
This regulation, which comes with toughened penalties for possible false declarations, will affect leaders and officials at the deputy county level or above, and allow for random verifications that will affect one out of every ten officials.
The Organisation Department of the Central Committee of the CPC said in a statement the report is an important assessment of loyalty to the party and commitment to the CPC code of conduct.
According to Xinhua news agency, over 9,100 officials concealed personal information while 124,800 were penalised over false declarations.
On Wednesday, the Central Commission for Discipline Inspection, the agency responsible for investigating corruption in China, released another legislation regulating the activities of senior party officials on social media and internet.
The legislation prohibits officials from receiving money through mobile phones or open online stores.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)