Three trends for corrupt officials, large and small, to respond to the recent anti-corruption trend

Three trends for corrupt officials, large and small, to respond to the recent anti-corruption trend. Whether my country will begin to implement official asset disclosure may become the main focus of this year's Two Sessions. This issue is...

Whether my country has begun to implement official asset disclosure may become the main focus of this year's Two Sessions. This issue has a history of being "difficult" in our country for 20 years. It has not only attracted more and more people's attention, but has actually become a touchstone and breakthrough point for whether the government is really determined to fight corruption.

It is difficult, but it is not difficult at all. It just depends on whether the "top beam" can take the lead. Take the issue of "three public consumption" as an example. There have been clear policies for a long time, but repeated prohibitions have continued. However, the market situation this year is very different. Why? It's because "Shang Liang" took the lead. As soon as the "upper beam" takes the lead, the "lower beam" will automatically follow suit. It doesn't matter whether there are explicit provisions.

In previous years, corrupt officials, both big and small, paid no attention to "property disclosure" because they knew it would not work in China. However, the market situation this year is also very different from previous years. First, in the past, the media always avoided this sensitive topic, but this year it seems that it no longer avoids it; second, leaders are likely to take the lead in publicizing properties; third, real estate information is networked across the country and cannot be hidden.

A department-level official in Guangdong with an annual salary of only 10,000 yuan was revealed to own more than 20 properties. The person who broke the news was a staff member of the Real Estate Information Network, and the "Uncle Fang" was quickly "double-regulated". This incident shows that even if there is no such rigid rule as property disclosure, people have begun to use real estate information networks to search for officials’ properties, or spend money to purchase information and publicize it by “leaking information.” The results are explosive and the consequences are so serious that they cannot be covered up even if they want to. Rather than letting the public continue to reveal information, the government may quickly realize the disclosure of assets by officials in order to gain the initiative.

In the United States, real estate information is public. It is very common to look up real estate title and tax information online, and there is no issue of confidentiality or leakage. China will do the same sooner or later.

In view of this, corrupt officials, big and small, with a very keen sense of smell have already taken action. Three important trends have appeared recently. One is to sell real estate under their names or transfer assets to another name; second, to transfer a large amount of funds overseas; third, to simply flee without returning.

Judging from the situation revealed by the media, it is really shocking (click here). It is estimated that in the first half of January this year, Beijing's "online signing" transaction volume for second-hand houses was three and a half times that of the same period last year; this year's outflow of funds may reach a huge US$1.5 trillion (equivalent to half of the country's total foreign exchange reserves); 1,100 officials who went abroad during the Mid-Autumn Festival and National Day last year did not return on time, and 714 have been confirmed to have fled.

These three trends at least show that the anti-corruption trend is in good shape and have caused panic among corrupt officials, big and small.