Mainland China's Taiwan Affairs Office confirmed on the 16th that the company owned by Shen Boyang's father, Shen Tuceng, a DPP legislator from Taiwan, has had its registration cancelled by its customs authorities. The Mainland Affairs Council responded on the 16th that this case once again proves that doing business in Mainland China is fraught with high risks and uncertainties and that one may be threatened by the Chinese government at any time. Anyone conducting business in Mainland China must be aware of these risks.
On the morning of the 16th, Mainland China's Taiwan Affairs Office held a regular press conference, where the media asked whether the General Administration of Customs had recently canceled the registration of a company named Sicuens International CO. LTD at customs. It was said that this company was essentially Shen Tuceng’s Zhaoyi Co., Ltd. (兆亿有限公司) re-registered under a new name. Was this true?
Spokesperson Chen Binhua of the Taiwan Affairs Office said that this company, registered in “Taiwan, China,” has information consistent with that of Taiwan’s Zhaoyi Co., Ltd. Mainland China's customs have cancelled its registration. In accordance with the law, they have imposed penalties on enterprises associated with “stubborn Taiwan independence elements” as a powerful punishment and firm crackdown against attempts by “Taiwan independence forces” to provoke separatism. “We will never allow anyone to make money in the mainland while supporting Taiwan independence and separatist activities.”
The Mainland Affairs Council finally emphasized that this case once again proves that doing business in Mainland China is fraught with high risks and uncertainties, and that one may be threatened by the Chinese government at any time. Anyone conducting business in Mainland China must be aware of these risks.