August 31, 2016

HONG KONG (August 31, 2016) – Dow Jones Risk and Compliance announced that its third party risk data now includes all identifiable Chinese state-owned companies (SOCs) in operation, enhancing its coverage of the global risk landscape. Developed over eight years by a Shanghai-based research team, content relating to China was drawn from a variety of publicly available sources and currently covers more than 100,000 Chinese government-owned companies.

China accounts for around 40% of the 242,000 SOCs that Dow Jones Risk and Compliance has identified globally to date, of which: 45,000 Chinese SOCs are wholly-owned by the Chinese government; and 4,000 owned by the Chinese government are located outside of China.

Risk and Compliance SOC coverage includes entities owned by central, regional and municipal governments in 235 countries around the world.

It allows users to quickly and effectively check whether a customer, vendor or other third party has any government connections, and therefore the potential to be involved in public corruption.

“We are seeing an unprecedented focus on compliance around the world – a trend that is set to continue with new regulatory pressures and tough penalties,” said Joel Lange, managing director of Dow Jones Risk and Compliance. “In markets like China, where SOCs are commonplace, knowing who you are working with and the potential risks involved is absolutely critical. We anticipate this list will prove invaluable to companies operating outside of China, and especially those subject to the UK Bribery Act and FCPA, for whom compliance is an even bigger imperative.”

Risk and Compliance SOC coverage includes corporate entities that are at least one percent directly owned by a government or where a government holds voting or board appointing control. It also includes entities owned 10% or more by a state-owned investment company, such as a Sovereign Wealth Fund.

Company Name: 

Dow Jones

Weekly Newsletter

Subscribe to our FREE Weekly Newsletter