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September 26, 2017

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Beijing eyes property disclosure for officials

BEIJING -- Beijing is taking a step toward requiring local government personnel to disclose their property holdings, a top city official told media Friday, a move critics say would tackle endemic graft.

China has launched a much-publicized anti-corruption drive since President Xi Jinping ascended to power a year ago, but systemic reforms have been lacking.

Beijing vice mayor Li Shixiang said the city was studying a requirement for municipal officials to register details of their real estate holdings, including their size, type and location, the Beijing News reported.

But it did not indicate whether the information would be retained by the authorities or made more widely available.

The move comes amid intensifying public outrage over rising home prices and a real estate market that critics say is rife with abuse by corrupt government officials, some of whom have sought to hide their wealth by illegally amassing dozens of homes under false identities.

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