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2. Hong Kong
Copyright Palani Mohan, Getty Images
Hong Kong hasn’t signed on to automatic reporting under the CRS. It has a history of corporate secrecy and doesn’t appear particularly willing to engage in cross-border reporting. China’s control of Hong Kong is also a major factor in shielding it from global pressure over transparency.
![](https://www.wealthmanagement.com/sites/wealthmanagement.com/files/styles/gal_landscape_main_2_standard/public/Hong-Kong-skyline.jpg?itok=eP_BirLG)