SUSTAINABILITY A CARRIER OF THE PEOPLE'S BETTER LIFE 47 48
REPORT
Promoting Compliance and Prudence in Operations Compliance management
We strictly abide by the and the , and internal policies including the CMG
Anti-monopoly Law
Civil Code, the Anti-Unfair Competition Law,
the CMG Anti-monopoly Compliance Management Guidelines, CMSK
Measures for the Compliance Management of Business Partners,
to better guard against
Guidelines Business Partner Compliance Management, and CMSK Anti-monopoly Compliance Management Guidelines
Upholding the principle of “compliance and innovation for business sustainability,”we strengthen compliance management, and improve quality, compliance risks and improve compliance management. These laws and regulations serve as strong guarantees for getting us off to a good start
efficiency, and industry-finance collaboration, to ensure prudent operations and high-quality development. and pursue high-quality development in all respects during the 14th Five-Year Plan period (2021-2025). For more details on compliance
management, please refer to the CMSK Annual Report 2021.
Total assets Revenue Ensuring clean and honest Improving the supervision Enhancing warning education and strict
recruitment and employment and constraint mechanism discipline enforcement and accountability
billion billion
We formulated the Measures for the We divided tasks and authorized We provided integrity education for all board
856.20 160.64 CMSK Disciplinary Committee staff at different levels, established members, senior executives and ordinary
737.16 129.62 Responding to Opinions Related to a long-term overseas supervision employees. The integrity education achieved
Party Discipline and Clean Conduct mechanism, and built a “clean Silk 100% coverage among employees. Besides,
617.69 97.67
and updated the clean conduct files of Road” as required by the we strengthened the education of officials,
the Party Committee management headquarters. We put forward held talks and exchanged correspondence
officials to see that we respond to all targeted supervision suggestions with them on a regular basis. We also strictly
opinions and doubts for better and ensured their implementation managed clues, investigated and penalized
supervision. to see to it that all responsibilities violations of laws and disciplines, and
were duly performed. maintained a tough stance against corruption.
2019 2020 2021 2019 2020 2021
Risk management
Net profit Total tax payment
billion billion We continue to improve the risk management mechanism and internal control to ensure compliance in innovative businesses and major
29.30 investments of the headquarters and subsidiaries. This builds a sound internal environment for risk control and efficient operations and ensures
sound and long-term corporate development. For more details on risk management, please refer to the 2021 Annual Report of CMSK.
18.86
16.91 23.85
15.20 22.05
Improving the overall risk management system Strengthening risk research in key areas
Civil Code
Based on current affairs, we analyzed the and Based on the internal control and the standards of products,
policies concerning personal information protection, compiled technologies, and services, we conducted audit evaluations,
2019 2020 2021 2019 2020 2021 and published a series of research reports on the , inspections, and interviews, and strengthened management by
Civil Code
and issued compliance risk warnings for face recognition. We holding violations accountable to coordinate horizontal and
put forward targeted countermeasure suggestions, urged their vertical efforts in work reviews.
implementation, guarded against and responded to possible
risks on a regular basis in all respects.
Compliance in operations
We enhance the foundation for compliance, build an internal risk control system, value the protection of intellectual property rights, and improve
corporate governance policies, consolidating the basis for business compliance. Intellectual property protection
0 18 100% 100% 100% on Promoting the High-quality Development of Intellectual Property Rights of Central State-owned Enterprises.
Trademark Law, Patent Law, Anti-Unfair Competition Law
We follow laws such as the and the Notice on Printing and Distributing the “Guidelines
We have prepared our Compliance
continued to improve intellectual property protection, and standardized management of intellectual
Major violations of laws Internal audits Commercial contracts that Major business decisions Rules and regulations that Manual for Intellectual Property Management,
and regulations conducted passed the legal review that passed the legal review passed the legal review property rights such as patents and trademarks to improve the overall compliance management of intellectual property rights.
