How Does Hong Kong's Corporate Governance Reverberate in China?

Hong Kong's and the Mainland's offshore relations and corporate governance are interlinked. We describe the waves of offshore incorporations in the region. We also provide evidence suggesting that China's poor corporate governance practices allowed companies to skirt Hong Kong's stricter governance standards. For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2914865