Currency notes are run through a counting machine at a bank in Hong Kong. The city has a low rate of conviction in money-laundering cases. Improving the legal framework for pursuing such cases with the mainland authorities could reduce real estate asset inflation and increase affordability. Photo: Bloomberg

As runaway housing prices fire up Hong Kong protesters, targeting dirty money flows from China would help

  • A recent European Union report linking money laundering and inflated real estate markets is of relevance to Hong Kong
  • With unaffordable housing a major source of the malaise feeding Hong Kong protests, it is time for the city to get tough on cross-border dirty cash flows
Topic |   Hong Kong property

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Currency notes are run through a counting machine at a bank in Hong Kong. The city has a low rate of conviction in money-laundering cases. Improving the legal framework for pursuing such cases with the mainland authorities could reduce real estate asset inflation and increase affordability. Photo: Bloomberg
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