BLOWING WHISTLE WITHOUT PROTECTION: CAN CHINESE REGULATOR AFFORD SENDING SHEEP AMONG WOLVES?

Abstract

This paper reviews the current legal framework of whistleblower protection in China. Before 2014, the laws and regulations operate without concrete protection measures for whistleblowers. The regulator of Chinese securities market issued a regulation to promote whistle blowing in combatting corporate and securities fraud in 2014, but it lacks clear and detailed rules to address the challenges presented in reality. This paper offers case studies and finds the current law does not prevent retaliation against whistleblowers either. Based on these case studies, this article points out the problems of the current legislation and offers advice for improvement.