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The Hong Kong government’s proposal to let directors obscure their identities on company registers is a retrograde step that will facilitate fraud and corruption.

Don’t take a journalist’s word for it. Don’t listen to the legal profession, which said in 2009 that ID numbers should be fully disclosed. Don’t pay heed to the accountants and corporate governance experts who warn that access to such information is vital. And don’t worry about the investors who say Hong Kong’s public registries have helped bring transparency and accountability to official and corporate dealings.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
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