LATEST NEWS & VIEWS

Documents reveal ex-Hong Kong minister Patrick Ho’s offshore firms and business ties in mainland

Former Hong Kong minister Patrick Ho Chi-ping, who was charged in the US with bribing top African officials on behalf of a Chinese energy conglomerate, co-owns an obscure Hong Kong company with mainland energy investors through an offshore entity, FactWire can reveal. Files leaked in the Panama Papers also show that he had repeatedly ignored […]

Ethics and the Paradise Papers: Not illegal but a legal injustice?

The publication last week of leaked confidential papers from Appleby, a Bermuda based legal and financial service company specialising in offshore incorporation, has again raised the issue of supposed tax havens and of the legal practice of tax avoidance. The Paradise Papers, as they have come to be known, shed light on the operation of […]

COMMENTARY & ANALYSIS

The Panama Papers and the conscience of Hong Kong – time for a wake-up call

When I read about the Panama Papers, my mind went back to what I used to do at 11:15am every day as a court news reporter. 11:15am is when the court took its morning break, giving me a moment to run searches on the corporate entities in the lawsuits that had just come in. I’d […]

How Hong Kong makes it easy for wealthy Chinese to launder billions of dollars

Hong Kong government officials were lining up on Tuesday to insist that the city is not a major centre for money laundering. Their protests are not entirely convincing. Hong Kong may not be the conduit of choice for drug cartels or terrorist organisations looking to cleanse their dirty cash. But it certainly is the favourite […]

FEATURES

HKFP Interview: Shareholder activist David Webb on the Panama Papers and improving transparency

More than 11 million leaked files, known as the Panama Papers, were obtained securely from an anonymous source over a year ago by German newspaper Süddeutsche Zeitung. The data leak shows how the world’s rich and powerful hide their wealth. HKFP spoke to David Webb, shareholder activist and webmaster of the corporate governance portal webb-site.com, about the implications for Hong Kong […]