It is ridiculous that some Taiwanese do not even know that Hong Kong has reverted to Chinese control, and that they still regard the Hong Kong Special Administrative Region as an area ruled by the UK and the people of Hong Kong, as it was prior to 1997.
Some also believe that capital from Hong Kong does not constitute foreign investment, and that Hong Kong-based companies can legally run cable TV stations in Taiwan. Some pan-blue legislators have even quoted what the Mainland Affairs Council in 1997 defined as a Hong Kong company, and believe that the TVBS cable TV station is not a foreign-owned company. Clearly, such an interpretation is already outdated and does not relate to the current situation. These pan-blue politicians should stop hoodwinking themselves.
Although some of Hong Kong's residents withdrew their capital from the territory when it reverted to China in 1997, many did not, as Beijing had promised that the economic system would remain unchanged for 50 years. However, Beijing's promise turned out to be a pack of lies. Hong Kong's capital is certainly China's capital, for it is China that is now governing the region.
A new controversy has arisen in the case of TVBS, a Taiwanese cable TV channel which draws its capital from two business groups in Hong Kong. According to Article 10 of the Satellite Radio and TV Broadcasting Law (
The channel should certainly accept this, and quickly improve its company structure in accordance with the law, instead of complaining about political oppression and challenging the government by saying stupid things like "Chinese capital? So what?" Otherwise, what is the difference between TVBS general manager Lee Tao (
TVBS exposed convincing evidence concerning former Presidential Office deputy secretary-general Chen Che-nan's (
Despite opposition lawmakers' claims to the contrary, Taiwan is a nation in which freedom of speech is largely safeguarded. Otherwise, the DPP administration would not have received so much criticism from the public. Therefore, the GIO's continued investigation into TVBS' shareholder structure and source of capital is just. It has nothing to do with oppressing press freedom.
The conflict in the Middle East has been disrupting financial markets, raising concerns about rising inflationary pressures and global economic growth. One market that some investors are particularly worried about has not been heavily covered in the news: the private credit market. Even before the joint US-Israeli attacks on Iran on Feb. 28, global capital markets had faced growing structural pressure — the deteriorating funding conditions in the private credit market. The private credit market is where companies borrow funds directly from nonbank financial institutions such as asset management companies, insurance companies and private lending platforms. Its popularity has risen since
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