The Investment Commission, which has already delayed approval of the bid over various unanswered questions surrounding the structure of the consortium (in which CSH is a leading player) and its funding sources, rightly said that Or’s resignation would have little impact on its decision whether to allow the acquisition to proceed.
A report released in March by Pan’s office showed that three China Strategic shareholders — Chongqing-born Zhang Song-qiao (張松橋), one of the 100 richest people in China; Wu Lianghao and Li Wulin — are also CPPCC members. Further investigation reveals that Hong Kong businesswoman Pollyanna Chu Yuet Wah is a major shareholder in the company. Her profile on the Web site of Golden Resorts, where she is chief executive officer, shows that Chu is a member of the National Committee of the CPPCC, a member of the Guangdong committee of the CPPCC and vice chairman of the Hong Kong CPPCC (Provincial) Member Association Foundation.
Membership in the CPPCC is both an instrument of co-optation by the CCP and a means to “reward” Chinese and members of minority groups — such as Hong Kongers and Tibetans, for example — for toeing the party line. What this means, therefore, is that members have either willingly submitted to the Chinese Communist Party (CCP) line as an external agent or have a proven track record of respecting party ideology prior to being approached for membership.
This op-ed, published today in the Taipei Times, continues here.