Global Financial Integrity

 

US$400 Billion Smuggled into China from Hong Kong through Trade Misinvoicing Since 2006

Fraudulent Trade Misinvoicing Fueling Currency and Housing Speculation within the Country

WASHINGTON, DC – As the Chinese government recently announced moves to crackdown on illicit capital inflows through trade misinvoicing, Global Financial Integrity (GFI) finds that US$400 billion flowed illicitly into China from Hong Kong via trade misinvoicing between 2006 and the first quarter of 2013.  The estimates by Global Financial Integrity were released today in an article by GFI Junior Economist Brian LeBlanc on the website of the Thomson Reuters Foundation.

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New Reporting Rules for Hong Kong Stock Exchange Will Improve Investment Climate, Transparency

New Disclosure Rules for Hong Kong Stock Exchange Will Improve Investment Climate, Transparency and Accountability

WASHINGTON, DC—New disclosure rules going into effect today for petroleum and mineral companies listed with the Hong Kong stock exchange (HKEx) will increase transparency and accountability in the extractive industries sector with beneficial implications for Hong Kong’s investment climate, said Global Financial Integrity (GFI).

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