If the government hopes to reduce the nation’s economic reliance on China it must re-examine the laws, it said. The changing situation in Hong Kong means the government should also no longer differentiate between investment from China and that from Hong Kong, it said. The oversight mechanism for Chinese investment is ineffective, and Chinese investors have used overseas Chinese, Hong Kongers and Taiwanese to hide the sources of their investment, the report said. A more comprehensive investor registration system and stricter penalties for contravening investment regulations are needed to overcome this, it said. That pact was signed on June 21, 2013, but it has never been ratified by the legislature.

Source: Taipei Times June 08, 2020 15:56 UTC