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China solves 76 commercial bribery cases in state-owned enterprises (2)
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22:01, July 12, 2007

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"The self-inspection campaign reviewed all the 1,198 property transfers from the beginning of 2005 till the end of last year," said an official with the commission.

Last year, the commission and the Ministry of Finance jointly issued a notice to further regulate the approval of state-owned property right transfer and bottom prices.

In addition, regional state-owned assets watchdogs have sanctioned 65 property right trading centers in a bid to regulate property right transactions.

A monitoring system linking these trading centers with state-owned assets watchdogs in Beijing, Shanghai and Tianjin has been established to enable the watchdogs monitor all the transactions and unified release of property right transfer information in the future.

Source: Xinhua
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