China against tax haven tag for its SARs

China is opposed to labeling its two special administrative regions (SAR) - Hong Kong and Macao - as tax havens in a list proposed at the London G20 summit, Foreign Ministry spokesman Qin Gang said yesterday.

"China supports the international community's efforts to tighten financial regulation, crack down on tax evasion, and international cooperation to prevent tax evasion," Qin told a regular press conference.

However, "it is groundless to label Hong Kong and Macao as tax havens, to which China expresses firm opposition," he said.