Beijing: China has forced some 63,000 government officials, including 229 at the provincial and ministerial level, to quit company directorships they hold, according to figures released Friday.

The Organization Department of the Communist Party of China Central Committee said in a statement that 226 of the ministerial level officials have completed their resignation procedures and the remaining three are expected to quit by next February, Xinhua reported.

The statement said follow-up work, including rigid supervision and regular inspection will be carried out to prevent a resurgence of government officials doing part-time jobs at companies.

The department ordered a ban on incumbent officials’ employment in private companies in October 2013 to reduce the chances of corruption.

The ban reportedly brought about a mass exodus of independent directors from listed Chinese companies.

 

IANS