OECD works with China on governance issues

At a mid-May conference in Beijing, Richard Hecklinger, deputy secretary-general of the OECD, outlined the work that his organisation is undertaking both on a global scale and within China to improve corporate governance.

"Inadequacies in corporate and financial governance have emerged as a major problem for the world economy," he said. "The scandals we have witnessed in a number of countries in the past few years have highlighted the need to develop a better framework for financial market integrity and transparency – without, however, falling into the pitfalls of over-regulation."

Hecklinger noted that plans are in place for a policy dialogue with the China Securities Regulatory Commission (CSRC) on the