atans1

Panama Papers: Chinese really tua kee

In Uncategorized on 08/04/2016 at 11:10 am

The files suggest that China is Mossack’s most important market. The firm’s Hong Kong office has been its busiest, and it has outposts in eight other Chinese cities. These nine offices set up 29% of all the firms Mossack had on its books at the end of 2015, according to the ICIJ.

Although there is no evidence of illegality, obeying the law is not the only requirement for Chinese officials. Almost all of those involved are Communist Party members, who must abide by the party’s code of conduct. This bans them from registering or investing in companies abroad. So they may have broken rules, if not the law. High-ranking officials in China can also be held responsible for the business dealings of relatives.

http://www.economist.com/news/international/21696497-huge-trove-documents-has-revealed-secrets-offshore-business-presaging-tougher

 

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  1. the only reason for hk’s existance is to make lots of $.

  2. No worries. If Xi’s relatives are part of the clientele, all these will be swept under carpet. Already the official spokesman of Chinese govt point-blank on international TV told foreign journalists to stop talking rubbish when asked about high incidence of Cheena elites in Panama Papers.

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