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Vol 6 (AAC) No 9

Published 1st July 2013


Spotlight on Queensway Group

China International Fund's former parent company, Dayuan International Development, is ordered by a judge to hand over its books to a former director

A high-profile Hong Kong court case could reveal more details about the business dealings of the secretive China International Fund and China Sonangol. Nicknamed the ‘88 Queensway Group’ for their network of opaque, affiliated firms based at that address in Hong Kong, the two companies have signed deals worth billions of dollars with Angola, Guinea, Zimbabwe and Tanzania.

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