The eight members of China’s Communist party elite whose family members used offshore companies are revealed in the Panama Papers.
The documents show the granddaughter of a powerful Chinese leader became the sole shareholder in two British Virgin Islands companies while still a teenager.
Jasmine Li had just begun studying at Stanford University in the US when the companies were registered in her name in December 2010.
Her grandfather Jia Qinglin was at that time the fourth-ranked politician in China.
Other prominent figures who have taken advantage of offshore companies include the brother-in-law of the president Xi Jinping and the son-in-law of Zhang Gaoli – another member of China’s top political body the politburo standing committee.
They are part of the ‘red nobility’ whose influence extends well beyond politics.
Others include the daughter of Li Peng who oversaw the brutal retaliation against Tiananmen Square protestors and Gu Kailai, wife of Bo Xilai, the ex-politburo member jailed for life for corruption and power abuses.