POLITICAL: Taiwanese firms could be forced to accept the ‘1992 consensus’ should Beijing launch its social credit system, the Taiwan Democracy Watch chairman said
Date: Oct 13, 2019
By: Chung Li-hua and Jake Chung / Staff reporter, with staff writer
Taiwan Democracy Watch yesterday voiced concern over the inking of a collaborative agreementbetween Pin Shang Credit Investigation Co (品尚徵信), based in China’s Fujian Province, and Taiwan’s China Credit Information Service Ltd (CCIS, 中華徵信所), saying that information held by the Taiwanese firm could be used by the Chinese credit investigation industry.
The two companies signed the agreement last month, according to a news release that month by China’s Taiwan Affairs Office.
The agreement allows credit investigation firms across the Taiwan Strait to use “big data” for applied research, development and merging of the cross-strait economy, the report said.
With support from CCIS, the People’s Bank of China’s Fujian branch has already conducted 310 investigations of Taiwanese corporations or individuals, it said. [FULL STORY]