China's overseas SOE assets not audited: Xinhua

Shanghai

CHINA does not audit the four trillion yuan (S$868.8 billion) of assets that its state-owned enterprises (SOE) hold overseas, Xinhua news agency has reported, highlighting difficulties the government faces when expanding its anti-corruption drive to SOEs.

Anti-graft authorities will inspect major SOEs this year, state media reported in January, as part of a campaign initiated by President Xi Jinping that has felled a swathe of high-ranking executives.