Is it illegal for people in public institutions to do business?

Illegal. Business personnel running enterprises through business violates the relevant provisions of China prohibiting public officials from running enterprises through business. Civil servants must abide by discipline and shall not commit any of the following acts:

1. Do business or run enterprises by individuals or in the name of others;

2. Holding shares or securities of unlisted companies (enterprises) in violation of regulations;

3. Buying and selling stocks or investing in other securities in violation of regulations;

4 individuals registered companies or invested in shares outside the country (territory);

5, in violation of regulations in economic entities, social organizations and other units part-time or part-time remuneration, and engaged in paid intermediary activities;

6. Within three years after leaving or retiring, accept the employment of private enterprises, foreign-invested enterprises and intermediaries within the jurisdiction area and business scope of the original post, or engage in profit-making activities related to the business under the jurisdiction of the original post.

What are the prohibited activities of leading cadres in party member?

Leading cadres in party member shall not engage in or participate in the following profit-making activities:

1, sole proprietorship or joint venture or partnership with others for commercial or other enterprises;

2. Run a business enterprise in the form of shares in the name of a specific related person or others;

3. Engaging in commercial and other business activities by contracting, leasing or employment without permission;

4. Holding shares or securities of unlisted companies (enterprises) in violation of regulations;

5. Use inside information to buy and sell stocks or make other securities investments;

6 individuals registered companies or invested in shares outside the country (territory);

7, individuals or entrust others to engage in paid intermediary activities.

To sum up, it is illegal for people in public institutions to do business. According to relevant laws and regulations, civil servants and staff of public institutions are not allowed to register a company or act as its legal representative.

Legal basis:

Interim provisions on the punishment of staff in public institutions

Article 18

One of the following acts, given a warning or demerit; If the circumstances are serious, demotion or dismissal shall be given; If the circumstances are serious, be dismissed:

(a) corruption, bribery, bribery, embezzlement;

(2) taking advantage of his work to seek illegitimate interests for himself or others;

(3) accepting gifts, various securities and payment vouchers in official activities or work;

(4) Seeking benefits by using known or mastered inside information;

(5) Traveling with public funds or traveling with public funds in disguise;

(six) in violation of state regulations, engaged in profit-making activities or part-time remuneration;

(seven) other acts in violation of integrity discipline.

Whoever commits the act mentioned in Item (1) of the preceding paragraph shall be given a demerit or above.