China to hold top state-owned firm leaders accountable for losses in 98 scenarios starting Jan. 1, 2026.

Starting January 1, 2026, China will enforce new accountability rules for top state-owned enterprises, outlining 98 scenarios across 13 areas—like procurement and overseas investments—where leaders may be held responsible for losses due to misconduct or negligence. Losses are categorized as general, large, or major, with investigations into potential embezzlement or abuse of power referred to authorities. The State-owned Assets Supervision and Administration Commission developed the measures after research and public consultation, aiming to strengthen oversight, improve governance, and protect state capital through transparency, training, and internal controls.