China and Hong Kong said recently they are adopting the Common Reporting Standard, in which the tax authorities can collect resident and non-residents’ financial information. Photo: EPA China and Hong Kong said recently they are adopting the Common Reporting Standard, in which the tax authorities can collect resident and non-residents’ financial information. Photo: EPA
China and Hong Kong said recently they are adopting the Common Reporting Standard, in which the tax authorities can collect resident and non-residents’ financial information. Photo: EPA
Jane Li
Opinion

Opinion

Across The Border by Jane Li

Is the new financial information swapping scheme a ticking bomb for China’s richest?

The internationally accepted Common Reporting Standard is to be adopted in China and Hong Kong by 2018

Jane Li
Jane Li

Updated: 2:55pm, 20 Jul, 2018

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China and Hong Kong said recently they are adopting the Common Reporting Standard, in which the tax authorities can collect resident and non-residents’ financial information. Photo: EPA China and Hong Kong said recently they are adopting the Common Reporting Standard, in which the tax authorities can collect resident and non-residents’ financial information. Photo: EPA
China and Hong Kong said recently they are adopting the Common Reporting Standard, in which the tax authorities can collect resident and non-residents’ financial information. Photo: EPA
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Jane Li

Jane Li

Jane Li is a reporter covering China’s economy and social trends. She graduated from the University of Hong Kong with a master's degree in journalism. Prior to SCMP, she worked for Bloomberg Businessweek and her stories have featured in MSNBC, Quartz and the Financial Times’ Chinese site.