Cyprus papers reveal secret migration of China’s wealthy led by Asia’s richest girl: Report

Beijing, August 25

More than 500 Chinese, together with Asia’s richest girl linked to a politically influential household, have obtained European Union citizenship in Cyprus between 2017 and 2019, leaked paperwork obtained by Al Jazeera’s Investigative Unit have revealed.

The paperwork, that are mentioned to comprise info on 2,500 immigrants to the island nation throughout that timeframe, seem to make clear the secretive migration plans of China’s elite, Hong Kong-based South China Morning Post reported.

Al Jazeera didn’t disclose the total record of immigrants who have been granted citizenship in Cyprus beneath the so-called golden passports programme, because the disclosure focuses on folks with monitor data that might violate guidelines for acquiring the European Union citizenship.

Among the greater than 500 authorised Chinese candidates, the Qatari broadcaster offered eight names, led by Yang Huiyan, a principal proprietor of Chinese property developer Country Garden.

Yang was named by Forbes because the sixth-richest girl on the planet in 2020 with a fortune of USD 20.three billion.

It is authorized for the Chinese residents to use for everlasting residency or citizenship in international international locations. However, China doesn’t recognise twin nationality.

Among the eight Chinese candidates named by Al Jazeera, 5, together with Yang, have been disclosed as a result of they could possibly be considered as “politically exposed persons” for their very own membership or their household’s membership within the Chinese legislature and political consultative committees, the Post report mentioned.

Yang’s wealth got here primarily from her father, Yeung Kwok Keung who’s a member of the Chinese People’s Political Consultative Conference (CPPCC), the highest political consultative physique to Beijing.

The leaked paperwork confirmed that Yang was granted Cypriot citizenship on October 23, 2018.

The second Chinese “politically exposed person” is Lu Wenbin, a delegate to the Chengdu People’s Congress.

According to the paperwork offered by Al Jazeera, Lu obtained a Cypriot passport in July 2019.

Lu is the chairman of Sichuan Troy Information Technology, a computer-networking agency primarily based within the metropolis. — PTI

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