Search Results for: hong Kong

BY DOMINIQUE PATTON, in Beijing

ALTHOUGH Taiwan’s tense relations with China does not help the necessary cooperation with the Chinese mainland that would help bring some of the island’s biggest economic criminals to book, it is nonetheless eager to co-operate with international authorities to fight money laundering.…

BY MARK GODFREY, in Beijing

THE DAILY deluge of crime reports in China’s press indicates that corruption and fraud are not only still rife in the country they are most acute where government regulatory bodies hand out business licences and approvals to state-owned firms.…

By Mark Godfrey in Beijing

No country has added nuclear power like energy-hungry China. Neighbouring North Korea had more nuclear power capacity than China in 2000 (as did Taiwan). But by 2010, according to the US government-affiliated Energy Information Administration, China will have bypassed both countries.…

BY GAVIN BLAIR, in Tokyo

THOUGH the number of academic specialists in commercial crime in the Asia-Pacific region may be fewer than in the US or Europe, many of the leading figures are both willing to work with corporate clients and have a great deal of experience outside the ivory towers.…

BY MARK GODFREY, in Hong Kong and Beijing

HONG Kong’s proximity and constitutional links to mainland China has ensured boon times for the local financial services industry, while also creating problems for local money laundering watchdogs.

The special administrative region’s central banking regulator the Hong Kong Monetary Authority in February announced that it would ensure a "major supervisory focus" on money laundering and terrorist financing during 2008.…

BY MARK GODFREY, in Beijing

A YEAR after China began enforcing its Law of the People’s Republic of China on Anti-Money Laundering – effective from January 2007 – observers are wary about the ability of the country’s understaffed enforcement agencies to keep pace with huge inflows of questionable funds into China’s booming economy.…

BY MARK GODFREY

A GLANCE at the bustling Kwun Tong Wholesale Fish Market suggests Hong Kong’s live seafood market is thriving. Every morning with typical Hong Kong efficiency fish are hauled from holding tanks onto queuing trucks fitted with wooden boxes and air pumps.…

BY MARK GODFREY, in Beijing

A WALK down the supermarket aisles in a Beijing residential area reveals much about the state of China’s cosmetics scene. Pick up a bottle of shampoo at the Jingkelong (NOTE – SPELLING IS CORRECT) store on Gongti Bei Lu street (NOTE – SPELLING IS CORRECT) and chances are the blue-aproned assistants will shuffle over to recommend another.…

BY KARRYN CARTELLE

THE SIGNING of a bilateral Free Trade Agreement (FTA) between South Korea and the United States is expected to fuel an already booming seafood trade. And with the Koreans having a host of other FTAs in the works, it appears this seafood-producing nation will use free trade agreements to push its seafood products to every continent.…

BY KEITH NUTHALL

CHINA has been baldly accused of hosting much of the world’s booming counterfeit auto parts production. A detailed report by the planet’s largest think tank – the Organisation for Economic Cooperation and Development (OECD) – said: "China has been repeatedly identified as the principal source of counterfeit activity in the automotive sector, involving both trademark and design infringements.…