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Moving capital to HK from mainland is largely subject to the same rules and regulations as moving capital to a foreign country. The reason Chinese money is park
by flag23147 7y ago
Moving capital to HK from mainland is largely subject to the same rules and regulations as moving capital to a foreign country. The reason Chinese money is parked here is because HK offers a convenient way for mainland assets to be listed. Without HK, these assets can be listed elsewhere e.g. US or UK.
In this sense, the existence of HK as an international finance center brings money closer to mainland rather than further away.
- csomar 7y agoIf you were to be moving capital illegally, my bet is that Hong Kong is the way you go if you are Chinese. It's close, people speak the language, lots of established chinese companies there; and if the gov. find out you just hide there since they can't extradite you?