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Cyprus Papers Reveal Secret Migration of China’s Wealthy Led by Asia’s Richest Lady: Report

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Greater than 500 Chinese language, 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, […]

Greater than 500 Chinese language, 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 data 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 Put up reported.

Al Jazeera didn’t disclose the complete record of immigrants who have been granted citizenship in Cyprus underneath the so-called golden passports programme, because the disclosure focuses on folks with monitor information that might violate guidelines for acquiring the European Union citizenship. Among the many greater than 500 authorised Chinese language candidates, the Qatari broadcaster supplied eight names, led by Yang Huiyan, a principal proprietor of Chinese language property developer Nation Backyard.






Yang was named by Forbes because the sixth-richest girl on this planet in 2020 with a fortune of $20.three billion. It’s authorized for the Chinese language residents to use for everlasting residency or citizenship in overseas nations. Nonetheless, China doesn’t recognise twin nationality.

Among the many eight Chinese language candidates named by Al Jazeera, 5, together with Yang, have been disclosed as a result of they might be considered as “politically uncovered individuals” for their very own membership or their household’s membership within the Chinese language legislature and political consultative committees, the Put up report mentioned. Yang’s wealth got here primarily from her father, Yeung Kwok Keung who’s a member of the Chinese language Folks’s Political Consultative Convention (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 language “politically uncovered particular person” is Lu Wenbin, a delegate to the Chengdu Folks’s Congress.

In line with the paperwork supplied by Al Jazeera, Lu obtained a Cypriot passport in July 2019. Lu is the chairman of Sichuan Troy Info Expertise, a computer-networking agency based mostly within the metropolis.


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