News Summary: Hong Kong to limit info on companies

  • Article by: The Associated Press
  • Associated Press
  • January 10, 2013 - 10:41 AM

VESTED INTEREST? Hong Kong is proposing to restrict the amount of personal information available on company directors after investigative news reports used the data to help expose fortunes linked to Chinese leaders.

LIMITED LOOKS: Currently, anyone can access these details online for a nominal fee. The new law would restrict access to certain groups including law enforcement, regulators and liquidators.

SHELL GAME: Hong Kong has become a popular place for mainland Chinese business people and government officials looking to hide their wealth through shell companies.

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