Personal Assets

'Corporate veil' cast aside as UK court rules on divorce settlement

Yasmin Prest

A landmark ruling in Britain, in which the Supreme Court found that company assets held by a spouse can be handed over as part of settlement claims, is likely to affect divorce proceedings in Hong Kong.

Sunday, 16 June, 2013, 6:42am

Oscar Pistorius fined over unpaid taxes 'after failing to declare house'

Oscar Pistorius. Photo: AP

The 26-year-old declared in a court affidavit during his application to be freed on bail in February that he earned around US$630,000 a year, and owned three houses and a vacant plot in South Africa with a combined value of nearly US$1 million. The City Press said he owns another house in Johannesburg that it claims he bought for 9.8 million rand this year. This house was not declared as part of his assets in his affidavit.

27 May 2013 - 5:59am

Rich dodge US$156b tax on hidden assets, says Oxfam

The Caymans and other British crown dependencies have been told to get their houses in order over their tax status. Photo: AP

The international aid agency Oxfam says the unpaid tax is twice the sum required for every person in the world to live above the extreme poverty threshold of US$1.25 a day.

11 Feb 2014 - 7:32am

Learn from the West on how to curb graft

President Xi Jinping said studying China's anti-corruption history and learning from the ancient anti-corruption culture would help promote the cause by using historical wisdom. Photo: AFP

Bao Zheng, a magistrate in Kaifeng, the capital of the Northern Song dynasty more than 1,000 years ago, has been immortalised in Chinese dramas and operas as a symbol of justice and the best known example of an honest and upright official throughout Chinese history.

22 Apr 2013 - 6:07am 4 comments

To fight corruption, China must push to disclose leaders' wealth

President Xi Jinping has made eradicating corruption a priority. Photo: Xinhua

A fundamental weapon in the fight against corruption in high places is public disclosure of officials' household assets. If enshrined in law, strictly adhered to and properly administered, there will be less chance of corrupt practices and greater accountability and transparency. 

19 Apr 2013 - 2:49am 4 comments

Two more held after street campaign to force officials to reveal wealth

Two more held after street campaign to force officials to reveal wealth

Beijing police detained a lawyer and an activist on Wednesday, bringing the number of people held over a street campaign urging senior Communist party officials to disclose their family assets to at least eight.

19 Apr 2013 - 4:30am

Fresh call for China's top leaders to declare assets

President Xi Jinping

Chinese internet users have urged the country's top leaders to follow US, Russian and French leaders by making their personal assets public. A report by Xinhua on its Sina Weibo account on Sunday about asset disclosures by leaders overseas was reposted more than 7,000 times and racked up more than 2,000 comments, making it one of the account's hottest posts.

17 Apr 2013 - 4:52am 10 comments

Activists calling for declaration of Chinese officials' assets detained

The activists' street campaign is part of a broader civil campaign launched in December calling for top government officials to declare their assets publicly to help fight rampant official corruption.

At least three activists campaigning for senior Communist Party officials to disclose their family assets were in custody yesterday for staging an illegal gathering, Liang Xiaojun, the lawyer for one of the detainees, said.

3 Apr 2013 - 5:54am 3 comments

Jilin deputy party secretary Zhu Yanfeng probed over graft: report

Zhu Yanfeng

Zhu Yanfeng, 52, was allegedly implicated in problems related to the assets of Jilin-based First Automobile Works Group (FAW), the company of which he was formerly president, the report said.

1 Apr 2013 - 5:32am

Briefs, March 10, 2013

The authority and legitimacy of the 13 Taiwan deputies to the 12th National People's Congress was challenged at yesterday's open discussion panel by journalists from the mainland and Taiwan, including the official Xinhua news agency, Guangzhou-based newspaper New Express and Taipei's China News Agency. 

10 Mar 2013 - 6:56am

Xinhua: Guangdong officials to declare assets online after Lunar New Year

Information to be made public will include details on investments, automobiles, and properties owned by officials' families.

4 Feb 2013 - 9:25am

Hong Kong government becomes heir to HK$62m worth of ownerless estates

Hong Kong government becomes heir to HK$62m worth of ownerless estates

According to an official source, the government is still seeking ways to identify the unclaimed estates, which include bank savings and items in safe-deposit boxes.

28 Jan 2013 - 10:19am 1 comment

Pets now provided for in estate planning, says veteran Elsa Pau

Elsa Pau Yuen-ling

Elsa Pau Yuen-ling said she saw a couple of cases a year in which her clients decide to include pet care in their wills.

28 Jan 2013 - 5:41am

Former Henan housing official's family had 29 homes

A former housing official in Henan province is under investigation after allegations that his family owned 29 apartments were corroborated by the district government, Xinhua reported yesterday.

6 Jan 2013 - 4:46am

Growth in wealthy inland households to outpace downturn-hit coastal cities

Mainland investors have become less keen on stocks this year.

The number of wealthy households in the mainland's inland region are set to grow faster than in the rich cities and coastal provinces where the economic slowdown has hit harder, a study has shown.

8 May 2015 - 9:46am