采访/朱智善 编辑/黄亿美 后制/郭敬
Chinese Deposits of $500 Million Revealed in HSBC’s
Swiss Private Wealth Bank.
The British bank HSBC’s Swiss branch was shown to
have sheltered the rich to evade tax.
Among the clients are 246 Chinese with total deposits
of $517 million.
The connections between the listed companies
and those in power are also being revealed.
“British bank HSBC Holdings PLc admitted failings by its
Swiss subsidiary in response to media reports it helped
wealthy customers dodge taxes and conceal millions of
dollars of assets", reported Reuters.
The International Consortium of Investigative Journalists
(ICIJ) has released compiled data dubbed the “Swiss Leak"
according to confidential documents from the HSBC
The data was supplied by a former IT employee from
HSBC’s Swiss private bank, and covered details of
accounts and clients at the end of 2006 and early 2007.
Media published the data on Feb. 8 for the first time.
The ICIJ report listed clients sheltered by HSBC Switzerland.
They include royalty, politicians, corporate executives, sports
stars, arms dealers, blood diamond traffickers, people linked
to former dictators, and several individuals on the U.S.
sanctions list, covering 203 countries and regions.
The U.S. is investigating if HSBC Switzerland has helped
Americans evade tax. There are yet to be any lawsuits filed.
Taiwan’s Apple Daily reported that some 22,000 investors
from China and Hong Kong registered for offshore finance.
At least 15 are the rich, the members of National People’s
Congress and corrupt executives of state-owned enterprises.
Relatives of the regime’s high officials have helped to keep
wealth overseas with the secret offshore companies.
Among them is Li Xiaolin, the daughter of former Chinese
Premier Li Peng, holding $2.48 million.
While massive overseas savings of the Chinese rich are being
exposed, the domestic industries have been uneasy.
On Feb. 9, Beijing News revealed the connection between
the Chinese Communist Party (CCP) leadership, the listed
companies and the relevant industries.
Official data showed the anti-corruption has affected over
70 listed companies in finance, property, resources, medicine,
transportation, and their stocks. Resource-related stocks
have been hardest hit with a total of 18 affected.
It is also reported that many executives of listed companies
were once hyped as “successful entrepreneurs" but became
either a “lost contact" or were arrested because of their
relationships with a number of sacked officials.
Critics believe the downfall of the two major tigers, Zhou
Yongkang and Ling Jihua, was why the companies were hit.
Professor Frank Xie, University of South Carolina Aiken
School of Business: “After the investigation, the nature
of the state-owned enterprises remains unchanged.
They are still controlled by the senior party officials.
That means the influences of Lin Jihua and Zhou Yongkang
are removed and replaced with someone else’s."
China Affairs magazine editor Chris Wu: “They are hitting
the officials, not the system.
They even claim the system is the best. Xi Jinping has said
that he’s confident in the system, which is the best.
But, the sacked officials came exactly from this system.
Isn’t it contradictory?
Why can’t you govern these corrupt officials? Kill some
of them and the new ones will surface soon.
The surviving ones continue their corrupt deeds.
The tigers continue taking the bribes."
After the exposure of the listed companies that were closely
related to Zhou Yongkang and Ling Jihua, and their path to
wealth, it is believed these investigations will lead to the
exposure of bigger tigers.
Interview/Zhu Zhishan Edit/Huang Yimei Post-Production/GuoJing