Insider trading research with Taiwanese vaccine makers reveals broader issues
bernardblack, 02 July 2021
A survey of insider trading with Taiwan’s Covid-19 vaccine maker raised concerns about Taiwan’s fiscal oversight and involved President Tsai Ing-wen’s administration.
The Taipei-based Shilin District prosecutor’s office said Medigen Vaccine Biologics Corporation after the company’s stake jumped more than 20% in the days before announcing positive results for a phase II vaccine trial in June. He told the Financial Times that he was investigating. The prosecution refused to reveal the details of the investigation. Continue reading “Article: Insider trading research with Taiwanese vaccine makers reveals broader issues”
Beijing has been engaged in a battle for public opinion for several years, aggressively promoting a positive vision of China to counter criticisms for its involvement in human rights violations, intellectual property theft, currency manipulation, its engagement with Taiwan and the South China Sea disputes, and its suspected involvement in the COVID-19 outbreak. In 2017, senior Party leaders acknowledged that “the main battlefield for public opinion” occurs on the extensive borderless Internet where people receive their news, express their thoughts, and promote and argue their political and ideological viewpoints. Beijing understands how the Internet is essential in disseminating China-friendly narratives, while at the same time deflecting criticisms and reassigning blame. In essence, it is how Beijing seeks to preserve its image while tarnishing those of others. 
Hong Kong – The Hong Kong stock exchange halted trading of Next Digital shares Monday at the media company’s request after authorities froze assets belonging to its founder, Jimmy Lai, who has been a high-profile voice in the the territory’s pro-democracy movement.
The Financial Supervisory Commission (FSC) yesterday fined Citibank Taiwan Ltd (花旗台灣) NT$10 million (US$357,194) and DBS Bank Taiwan (星展台灣) NT$6 million for breaches of the nation’s anti-money laundering (AML) regulations.
Professor Eswar Prasad at Cornell University believes that the US Treasury report this time includes more intensive analysis and shows a less overtly political approach than previous reports during the Trump Administration. However, to avoid being labeled as a currency manipulator again in the future, Vietnam needs to do much more concerning trade and currency issues, rather than just tackling short term problems.
South Korea and Taiwan both reported better-than-expected economic growth last week, and in both cases it looks quite similar: Exports have boomed, domestic demand hasn’t. That has already caused some problems, which will be exacerbated if the trend continues unabated.
South Korea and Taiwan both reported better-than-expected economic growth last week, and in both cases it looks quite similar: Exports have boomed, domestic demand hasn’t. That has already caused some problems, which will be exacerbated if the trend continues unabated.
WASHINGTON — The US Treasury Department on Friday said that no major trading partner of the United States meets the criteria as a currency manipulator, but Vietnam, Switzerland and China’s Taiwan will be under enhanced monitoring for their currency practices.
The operator of a giant container ship that blocked the Suez Canal for a week after running aground last month has said that the Egyptian authorities “lack any detailed justification” for demanding almost $1 billion in compensation.
Being “tough on China” is politically popular in Washington these days, and Biden has come out of the gate swinging against Beijing. But “being tough” isn’t a policy and reflexively applying it to China doesn’t serve U.S. interests. A logical and realistic approach to Beijing, however, can.