Chinese businesses feel the bite of new bribery law

Author: Karry Lai | Published: 3 Jul 2018

China’s new Anti-Unfair Competition Law, which came into force January this year, has resulted in more consolidation in government resources to conduct investigations and more parallel enforcement. 

But China still has a long way to go in battling anti-corruption as perpetrators become increasingly sophisticated in their strategies, such as by using bitcoin and messaging system WeChat as ways to transfer funds. More importantly, what is needed is comprehensive legislation solely on anti-corruption, rather than a patchwork of laws, according to panellists at the recent Asialaw In-House Counsel Summit in Hong Kong.

Looking at enforcement statistics in recent years, the number of cases investigated by China’s Central Commission for Discipline Inspection (CCDI) has gone from 40,827 in 2016 to 51,008 in 2017. The number of officials punished by the CCDI went up by 25% to 71,644 in 2017.

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