Government plans to create a nationwide system of accommodation specifically for officials will increase transparency in officials' financial matters and save on public spending, according to analysts.

The planned project was announced as one of the decisions resulting from the Third Plenary Session of the 18th Communist Party of China Central Committee, which was held from Nov 9 to 12.

According to the decision, the government aims to "explore how to implement an official residence system", although few details were given of when or how the project would be implemented.