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Panama Papers reveal offshore secrets of China’s red nobility
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Panama Papers reveal offshore secrets of China’s red nobility

by firstsource newsApril 6, 2016

Disclosures show how havens such as British Virgin Islands hide links between big and relatives of top politicians

The eight members of ’s Communist party elite whose family members used offshore companies are revealed in the Panama Papers.

The documents show the granddaughter of a powerful Chinese leader became the sole shareholder in two British Virgin Islands companies while still a teenager. Jasmine Li had just begun studying at Stanford University in the US when the companies were registered in her name in December 2010. Her grandfather Jia Qinglin was at that time the fourth-ranked politician in China.

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firstsource news
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