ANZ Dashboard Digest

Markets May Be Moving Toward Less Transparency

INFORMATION ACCESS—HONG KONG

February 28, 2013

The Economist reports on the government’s proposal to no longer require company directors to disclose their full Hong Kong identity card (HKID) numbers or home addresses to a public directory. The proposal “has led to a row over the trade-off between directors’ privacy and the public good,” the report states. A coalition is arguing that the government not tamper with HKIDs since many local names are similar and the HKIDs serve as the “only practical unique identifier available.” The Hong Kong Small and Medium Enterprises Association’s Danny Lau said “only tycoons” would benefit from the change, while small businesses benefit from accurate HKIDs because more information “means more trust.”
Full Story