News China25 Dec 2020

Proposal mooted for confiscated ill-gotten assets to be channelled into pension reserves

| 25 Dec 2020

A special account should be set up to receive administrative court fines and funds confiscated from those who have been found guilty of corruption. The money in the special account should then be pumped into pension reserves for a certain period of time, according to a former governor of the People's Bank of China, Mr Dai Xianglong.

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