Logos of China UnionPay are seen on bank cards in this photo illustration taken in Beijing December 5, 2013. Picture taken December 5, 2013. REUTERS/Barry Huang
MACAU (Reuters) - Growing numbers of Chinese are using the country's state-backed bankcards to illegally spirit billions of dollars abroad, a Reuters examination has found.
This underground money is flowing across the border into the gambling hub of Macau, a former Portuguese colony that like Hong Kong is an autonomous region of China. And the conduit for the cash is the Chinese government-supported payment card network, China UnionPay.
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