The Legislative Yuan passed the third reading in May of this year to amend the "Regulations on Relations Between People across the Taiwan Strait". If people lend their heads to Chinese-funded enterprises to help them disguise their identities and invest in Taiwan illegally, the heaviest fine is 25 million yuan. The relevant provisions will come into effect today.

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[Reporter Zhong Lihua/Taipei Report] In conjunction with the revision of the "National Security Law" to severely punish economic espionage, the Legislative Yuan passed the third reading in May this year to amend the "Regulations on Relations Between People across the Taiwan Strait". Illegally investing in Taiwan, the heaviest fine is 25 million yuan, and the relevant provisions will come into force today.

However, the review mechanism involving the country's core key technical personnel is still pending the National Science and Technology Council to formulate a sub-law, so it has not yet been implemented.

The cross-strait regulations were amended in May to focus on two key points: one is to establish a review mechanism for personnel entrusted by government agencies to engage in business involving the country's core key technologies.

The other is to illegally invest in Taiwan under the guise of a head of Chinese capital, and for Chinese companies to illegally engage in business activities in Taiwan.

However, the implementation date is determined by the Executive Yuan, which officially announced yesterday that the latter will come into force on November 18, 2022.

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It is understood that for the review mechanism involving key technical personnel, the National Science Council still needs to formulate relevant review benchmarks and identification standards. The National Science Council is communicating with the industry. Once the relevant benchmarks are released, they will be announced for implementation.

With regard to lending heads to Chinese investment, according to the newly revised provisions, if a Chinese-funded enterprise investing in Taiwan without the permission of the competent authority provides or allows it to be used in its own name, it may be fined more than 120,000 yuan and less than 25 million yuan. Zinc.

As for Chinese-funded illegal business activities in Taiwan, the current provisions stipulate that the perpetrator can be sentenced to 1 year in prison and a fine of 150,000 yuan; Fines, and in addition to imposing penalties on the perpetrators, are also included in the terms of lending heads. If you provide or allow it to be used in the above-mentioned unauthorized business activities in your own name, this penalty will also apply, and you will bear civil liability.