Hong Kong Values Hit Mainland

10 Jan 2013

The `One country, two systems' plan is working well for the city state, but can go against Mainland in some cases. A case in point is Hong Kong which stands for out and out capitalism, warts and all. The Mainland has made the best use of system. But democratic values, which go well with capitalism, are exposing some of those leaders in the Mainland who are trying to make a fast buck on the side.

The leaders on both sides got wise to the situation in which the Mainland leaders are getting exposed by enacting a law by which no personal details of those leaders such as name and address be given. According to the draft submitted to the Hong Kong Legislative Council, directors of companies can now opt to keep their identities secret.

Mining of company data has enabled the media to access details of assets and sensitive information of many top leaders to the embarrassment of China's elite. The media have made a killing by writing stories on the murky deals.

Now, with the leaders on both sides becoming wary of the situation, a new law is going to be enacted in this first quarter to prevent the identity of Mainland leaders from coming into limelight.