China passes new law to tackle cross-border corruption cases
Chinas top legislature approved a new anti-corruption statute on Friday at the close of its 25th session.
Law targets illicit offshore assets
The newly adopted statute gives authorities tools to pursue illegal money held outside Chinese borders. Officials can now investigate misconduct by Chinese firms operating in any jurisdiction around the world. The law also allows Beijing to block unauthorized foreign investigations into wrongdoing that occurred within China.
Mechanisms for international cooperation
The legislation establishes formal procedures for handling cases that involve multiple countries. It aims to deepen cooperation between nations while safeguarding national sovereignty and security. State news agency Xinhua reported that the measure took effect immediately upon approval.
All 2 outlets report consistently
No differences in figures, names or dates across these reports.
- Business Recorder
- South China Morning Post
Reported by
2 independent outlets. Headlines as published. Links open the original report.