CHINA-ECONOMY: WALL STREET JOURNAL DISCLOSES CCP CC ORGANISATION DEPARTMENT ISSUED DIRECTIVE IN MARCH PROHIBITING CHINESE OFFICIALS AND THEIR FAMILIES FROM HAVING FOREIGN ASSETS
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The Wall Street Journal (May 19) disclosed that the CCP CC Organisation Department had
issued a directive in March prohibiting spouses and children of Ministerial-level officials from
directly or indirectly holding any real estate or shares in entities registered abroad. It also barred
senior officials and their immediate family members from opening accounts with overseas
financial institutions unless they have legitimate reasons for doing so such as study or work.
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