(Selected from the translated work titled The Criminal Law of the People's Republic of China, authored by Robert Zhang and Steve Li, criminal defense lawyers registered in Shanghai, China.)
Article 169 [Illegally Undervaluing or Selling State-owned Assets at Low Prices; Damaging the Interests of Listed Companies in Bad Faith] A directly responsible chief of a state-owned company or enterprise or their competent authority who illegally undervalues State-owned assets as shares for contributions or sells State-owned assets at low prices, to the extent that it causes significant damage to national interests, shall be sentenced to imprisonment of not more than three years or custody, or to imprisonment of not less than three years but not more than seven years if particularly significant damage is incurred to national interests thereby.
