Shanghai officials banned from company ownership
Spouses and children of senior government officials in Shanghai have been prohibited from setting up companies in the city in a move aimed at eradicating nepotism.
Under a new regulation that took effect last week, spouses of officials at city level are not allowed to register companies. Their children and their “children-in-law” are also barred from registering companies in Shanghai.
The regulation was issued by the Party committee in Shanghai and the municipal government.
Spouses of deputy secretaries on the city Party committee and in the city government, of officials at bureau level and of officials in charge of State-run entities are also banned from setting up firms. Their children and their children-in-law are not allowed to set up firms in the city with business relating to the sector where the officials serve or which may conflict with the public interest.