Zhuang, Lingling: Chinese officials embezzlement stocks severe losses
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Date: 8/1/2015 5:58:08 PM
Sender: Zhuang, Lingling
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Zhuang, Lingling: Chinese officials embezzlement stocks severe losses
庄玲玲（Zhuang, Lingling）
There are many places in the Chinese mainland government officials embezzlement stocks, caused great financial losses.
Such funds, especially the last two years to investigate illegal operations by the number of astounding, such as the Secretary for the use of huge amounts of capital in a city urban construction special funds idle, speculative buying stocks consecutive losses, resulting in short-term losses of up to tens of millions of public funds.
The main reason for the frequent occurrence of this phenomenon, that there is no implementation of the separation of powers system.
In a democracy, the government＇s budget and expenditure are public funds, subject to strict parliamentary oversight and review, government officials can not arbitrarily use.
The party state under the Chinese mainland power is concentrated in party committees, people＇s congresses can not effectively supervise the local financial expenditure, so embezzlement stocks will profit recurring.
Under the Chinese criminal law and relevant judicial interpretations of the provisions of national staff by taking advantage of his position, embezzlement large amount, making activities constitute embezzlement of public funds, subject to criminal penalties.
However, despite strict laws and regulations, China still repeated public funds stocks, indicating that no reform of the political system, even if the legislation is useless regulations.
Zhuang, Lingling
August 1, 2015
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