China has set up a hotline to encourage the public to inform on corrupt financial officials. The People's Bank of China (PBOC) said it would operate two 24-hour lines from Sunday to accept tip-offs over illegal transactions or dealings. Its scope is the breaking of any financial law or internal regulation of a financial institution, or any behaviour not sanctioned by the bank. The Oriental Daily News reported yesterday that Chinese Vice-Premier Zhu Rongji had dismissed senior officials in the Shanghai Stock Exchange and some banks and brokerages for malpractice and speculation.
