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China's Securities and Futures Commission Plans to Increase Whistleblower Bonuses; Experts Expose Institutional Flaws
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Chinese Communist Party officials recently released a draft for public comment regarding "Rewards for Whistleblowers of Securities and Futures Illegal Activities." Reporters will now be referred to as whistleblowers, and the maximum reward per case will be raised to 1 million RMB. Experts say that due to the lack of an independent and impartial judiciary and effective public oversight, whistleblowers face significant political risks under the Ch…
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