CYPRUS PAPERS: SECRET MIGRATION OF CHINA’S RICH, LED BY ASIA’S RICHEST WOMAN

On 25 August, the South China Morning Post carried an article about data revealed in the so-called “Cyprus Papers” saying that more than 500 Chinese people obtained EU citizenship in Cyprus between 2017 and 2019, including Asia’s richest woman.  It is explained that it is legal for Chinese citizens to apply for permanent residency or citizenship in foreign countries. However, once a Chinese national obtains foreign citizenship, it can result in the automatic loss of their Chinese citizenship, as China does not recognise dual nationality.

https://www.scmp.com/economy/china-economy/article/3098742/secret-migration-chinas-rich-led-asias-richest-woman-revealed

See also more information from Al Jazeera –

https://interactive.aljazeera.com/aje/2020/cyprus-papers/index.html

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s