Asset declaration system to be improved

China is considering improving the method used for asset declaration, as a research report has revealed that the deterrence power of the current system is not strong, an expert said.

Tian Guoliang, a professor at the Party School of the Central Committee of the Communist Party of China, said the Party's discipline inspection commission is mulling ways to strengthen the property declaration system, through which government officials declare their assets to a higher authority.

"Although the country issued a regulation on property declaration in 1995, the stipulations need to be improved. One prominent problem is that the authority can hardly verify the authenticity of the information being declared by officials," he said.