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Report

29 Mar 2015

Author:
EITI International Secretariat

[PDF] Chinese companies reporting in EITI implementing countries

Chinese companies operating in the 48 EITI implementing countries are…required to disclose information in accordance with the EITI Standard. This includes information about how much they pay to the governments…it also includes oil and mining production contracts, social payments and beneficial ownership. To date, there does not appear to be any cases in which a company based in China has refused to collaborate with a host country…[T]his review…finds that an increasing number of Chinese companies are disclosing information in EITI countries…In the few cases where…reporting has been delayed due to insufficient or incomprehensive information submitted by a Chinese company, [Western] companies…were equally contributing to the delays. This paper summarizes the findings of the review of Chinese company presence in implementing countries…Key findings are as follows:

  • Chinese companies disclose information on payments to governments to the same extent as companies from other countries…
  • At least 90 Chinese companies are involved in EITI reporting…
  • Information disclosed by Chinese companies in EITI reports goes beyond financial disclosure…
  • Chinese companies now report in at least 23 of the 38 EITI implementing countries with published reports…
  • Chinese companies are actively involved in six EITI multi-stakeholder groups (MSGs)…