| A Police HQ, Wind Farms, and Natural Gas: Mapping China’s Investments in Europe |
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| A state agency that manages China’s foreign reserves under the direction of the country’s central bank has been quietly acquiring stakes in critical infrastructure, utilities, and real estate across Europe. OCCRP and partners are now able to provide a glimpse into this portfolio, which belongs to China’s State Administration of Foreign Exchange (SAFE), after unpicking a complex web of Luxembourg holding firms and offshore Caribbean companies through which some of these assets are held. Investors of any origin routinely use offshore vehicles and elaborate corporate structures for tax efficiency. However, the findings give a rare insight into how SAFE, an agency known for its secrecy, makes investments in Europe. Reporters found SAFE has acquired minority stakes in an eclectic range of companies across eight European countries, including a fiber-optic cable company in France, wind farms in the U.K., and a luxury hotel building in the Netherlands. Transparency experts warn that this information should be more easily accessible to the public.“We should be afraid of anonymity,” said Alex Cobham, the chief executive of the Tax Justice Network.“It is better for all of us to know who owns real estate or critical infrastructure.”Read the full story → |
| This reporting is part of The OpenLux Project, a cross-border investigation coordinated by OCCRP and Le Monde using data from the Luxembourg corporate registry.Journalists from partners De Tijd (Belgium), Le Monde (France), infoLibre (Spain), FRONTSTORY.PL (Poland), VSquare (Central Europe), and Follow the Money (Netherlands) cross-referenced the Luxembourg data with other European business and land ownership registries to trace the assets. |
| Cybersecurity and A.I. |
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