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PRC hand seen in Nan Shan bid: report

An electronic copy of a report obtained by the Taipei Times on the yet-to-be-approved sale of Nan Shan Life Insurance Co claims that the backers of the Hong Kong-based consortium led by Primus Financial Holding Ltd and China Strategic Holding may include individuals found guilty of financial irregularities as well as close relatives of senior members of the Chinese Communist Party.

The English translation of the report, which is dated March 10 and comes from the office of Democratic Progressive Party Legislator Pan Meng-an (潘孟安), also mentions risks of stock speculation and raises questions about the qualifications of major shareholders and the use of “shell” companies.

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Second round of ECFA talks set to begin tomorrow

Taipei and Beijing are set to hold the second round of negotiations on an economic cooperation framework agreement (ECFA) in Taipei tomorrow and on Thursday, the Straits Exchange Foundation (SEF) said yesterday.

The foundation said in a statement that the Chinese delegation would arrive today. However, there appeared to be some confusion over the location of the meeting.

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Newsflash

Representative to the US King Pu-tsung (金溥聰) told lawmakers yesterday that he has never heard of the interpretation of the US’ “one China policy” that Washington does not recognize Taiwan as part of China.

At a meeting of the legislature’s Foreign Affairs and National Defense Committee, King was asked by Democratic Progressive Party Legislator Mark Chen (陳唐山) to explain the difference between Beijing’s “one China” policy and the US’ “one China” policy.