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Hong-Kong

Offshore finance

Economy, tax incentives & labor conditions

The right to strike is limited in practice by clauses in many employment contracts stipulating that absence from work may lead to dismissal. Employers generally refuse to recognise unions. Less than one per cent of workers are covered by collective agreements, and those that exist are not legally binding. Without legal protection to guarantee these rights workers are subject to the arbitrary and unilateral actions of employers, and as a consequence are denied job and income security.
(ITUC-CSI , Suisse , 01/12/2007 , Annual Survey of violations of trade union rights )

27% of Hong-Kong's outward FDI in 2004 was accounted for by FDI that is directed to non-operating companies in offshore financial centres (mainly British Virgin Islands).
(UNCTAD , 01/02/2006 , World investment report )

500 000 shell companies are registered in Hong-Kong.
(Livre , 01/01/2004 , Les milliards noirs du blanchiment )

Main violations of the human rights and dirty money laundering
(year and company name)

Main labor right violations
(year, company name and norm number)