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Cross Strait Act

1 GoKawiil brief on this topic

Taiwan convicts 36 firms for hidden Chinese ownership since 2020

Taiwan's Ministry of Justice Investigation Bureau has pursued 166 investigations into companies illegally operated by Chinese owners disguised through shell firms or local nominees, resulting in at least 36 convictions since 2020. These businesses skirted Taiwan's Cross-Strait Act, which requires Chinese entities to obtain government permits before operating on the island, permits that are increasingly hard to secure amid rising cross-strait tensions.