Religious, Not Diplomatic: Holy See Reassures Taiwan over Reported Renewal of Vatican’s Bishop Appointment Pact with China
The Vatican has recently been reported to have renewed the agreement on bishop appointment it signed with China in 2018, due to expire this year. Neither the Vatican nor Beijing has confirmed the reports, while Taiwan’s foreign ministry said it had been closely following the Vatican’s interaction with China and had maintained close ties with the Holy See. Taiwan had also been reassured by the Vatican that there was nothing to worry about the agreement’s being extended, which the Holy See claimed to be a religious, not diplomatic, matter.
A report by Reuters quoted a senior Vatican source as saying on 14 September that Pope Francis had signed an agreement to extend the pact for two years. The Vatican’s state secretary Pietro Parolin said on the same day that the Holy See intended to renew the pact and believed it would be renewed. This was the first time in recent years that the Vatican has openly discussed its position on renewing the pact.
In Beijing, foreign ministry spokesperson Wang Wenbin said at a regular press briefing that China’s relations with the Vatican had been improving and that China hoped to keep in touch with the Holy See for further development of their relations.
Source: Stand News #Sep15
#China #Vatican #Taiwan #PopeFrancis #Bishop #Agreement #Diplomacy
https://tinyurl.com/yx8l8vgk
The Vatican has recently been reported to have renewed the agreement on bishop appointment it signed with China in 2018, due to expire this year. Neither the Vatican nor Beijing has confirmed the reports, while Taiwan’s foreign ministry said it had been closely following the Vatican’s interaction with China and had maintained close ties with the Holy See. Taiwan had also been reassured by the Vatican that there was nothing to worry about the agreement’s being extended, which the Holy See claimed to be a religious, not diplomatic, matter.
A report by Reuters quoted a senior Vatican source as saying on 14 September that Pope Francis had signed an agreement to extend the pact for two years. The Vatican’s state secretary Pietro Parolin said on the same day that the Holy See intended to renew the pact and believed it would be renewed. This was the first time in recent years that the Vatican has openly discussed its position on renewing the pact.
In Beijing, foreign ministry spokesperson Wang Wenbin said at a regular press briefing that China’s relations with the Vatican had been improving and that China hoped to keep in touch with the Holy See for further development of their relations.
Source: Stand News #Sep15
#China #Vatican #Taiwan #PopeFrancis #Bishop #Agreement #Diplomacy
https://tinyurl.com/yx8l8vgk
Chinese Investors in South Korean listings Are Repeatedly Delisted; Fictitious mask Contracts Cost Korean Investors $2.7 billion
In recent years Chinese capital has been aggressively venturing outside, seeking to list on overseas financial markets. South Korea Stock Exchange also continued receiving Chinese capital application for listing and backdoor listing through the acquisition of South Korean companies recently. However, many of the alleged financial statuses are unclear that at least 12 Chinese stocks have been previously delisted in South Korea, accounting for 85% of the delisted foreign stocks. An analysis by South Korea Daishin Securities indicated that Chinese companies tend to exaggerate their marketing goal and often violate their commitments to corporate investment and management. They described Chinese capitals as unreliable and called on investors to be cautious.
Mask Agreement is “made out of nothing”, stock price drops 50% after being revealed
LIS, a manufacturer of laser supplies and mask production lines, received a stake in China’s Jiangsu Yawei Machine in September last year. The latter currently holds 21.84% of the shares and becomes the largest shareholder of LIS. The company unilaterally announced in the middle of this month that it had reached a USD 900 million (approximately HKD 7 billion) mask supply contract with the paper manufacturer Double A, but Double A denied the news the next day. LIS immediately announced the cancellation of the agreement and its stock price plummeted from 13,550 won to 6,050 won in less than two trading days, a decline of more than 55%. LIS apologised to shareholders for the incident and admitted that it had not signed an agreement with Double A.
Source from: Apple Daily #Dec27
https://hk.appledaily.com/international/20201227/N5UFWZBHEVG4DKYQ7BD52ZFJWE/
#SouthKorea #China #StockMarket #MaskProduction #Investors #LIS #DoubleA #Agreement
In recent years Chinese capital has been aggressively venturing outside, seeking to list on overseas financial markets. South Korea Stock Exchange also continued receiving Chinese capital application for listing and backdoor listing through the acquisition of South Korean companies recently. However, many of the alleged financial statuses are unclear that at least 12 Chinese stocks have been previously delisted in South Korea, accounting for 85% of the delisted foreign stocks. An analysis by South Korea Daishin Securities indicated that Chinese companies tend to exaggerate their marketing goal and often violate their commitments to corporate investment and management. They described Chinese capitals as unreliable and called on investors to be cautious.
Mask Agreement is “made out of nothing”, stock price drops 50% after being revealed
LIS, a manufacturer of laser supplies and mask production lines, received a stake in China’s Jiangsu Yawei Machine in September last year. The latter currently holds 21.84% of the shares and becomes the largest shareholder of LIS. The company unilaterally announced in the middle of this month that it had reached a USD 900 million (approximately HKD 7 billion) mask supply contract with the paper manufacturer Double A, but Double A denied the news the next day. LIS immediately announced the cancellation of the agreement and its stock price plummeted from 13,550 won to 6,050 won in less than two trading days, a decline of more than 55%. LIS apologised to shareholders for the incident and admitted that it had not signed an agreement with Double A.
Source from: Apple Daily #Dec27
https://hk.appledaily.com/international/20201227/N5UFWZBHEVG4DKYQ7BD52ZFJWE/
#SouthKorea #China #StockMarket #MaskProduction #Investors #LIS #DoubleA #Agreement
The President of Poland signed the “Taiwan-Poland Criminal Justice Cooperation Agreement”, becoming the first European country to cooperate on legal matter including extradition and prisoner transfer
Ministry of Foreign Affairs of Taiwan announced that Poland President Andrzej Duda has signed the “Taiwan-Poland Criminal Justice Cooperation Agreement” on 28th February and became the first European country to sign such agreement with Taiwan, which covers mutual assistance with criminals, extradition, and transfer of criminals. The agreement was approved unanimously by the Polish Sejm (lower house) and the Senate (upper house) and will take effect after the President signs the agreement.
“Taiwan-Poland Criminal Justice Cooperation Agreement” was co-signed by the representatives of two countries in the Ministry of Foreign Affairs of Taiwan in June 2019. After the coordination between the two governments, the Taiwan Legislative Council completed the third reading of the agreement in December 2019 and notified the Poland side. Poland went through the legal process, including unanimous approval by the Polish Sejm and the Senate, official sign-off by the president Andrzej Duda on 28th January 2021, and finally its announcement. The agreement will take effect as soon as Taiwan receives formal notification from Poland.
Source: The Stand News #Feb01
https://bit.ly/3c0scxC
#Poland #Taiwan #AndrzejDuda #Agreement #Europe #Extradition
Ministry of Foreign Affairs of Taiwan announced that Poland President Andrzej Duda has signed the “Taiwan-Poland Criminal Justice Cooperation Agreement” on 28th February and became the first European country to sign such agreement with Taiwan, which covers mutual assistance with criminals, extradition, and transfer of criminals. The agreement was approved unanimously by the Polish Sejm (lower house) and the Senate (upper house) and will take effect after the President signs the agreement.
“Taiwan-Poland Criminal Justice Cooperation Agreement” was co-signed by the representatives of two countries in the Ministry of Foreign Affairs of Taiwan in June 2019. After the coordination between the two governments, the Taiwan Legislative Council completed the third reading of the agreement in December 2019 and notified the Poland side. Poland went through the legal process, including unanimous approval by the Polish Sejm and the Senate, official sign-off by the president Andrzej Duda on 28th January 2021, and finally its announcement. The agreement will take effect as soon as Taiwan receives formal notification from Poland.
Source: The Stand News #Feb01
https://bit.ly/3c0scxC
#Poland #Taiwan #AndrzejDuda #Agreement #Europe #Extradition
EU suspends efforts to ratify controversial investment deal with China
The EU has suspended efforts to ratify an investment deal with China because of tensions between Brussels and Beijing.
The agreement was reached in principle last December but had yet to receive the necessary endorsement from EU institutions, such as the European Parliament.
"We have for the time being [...] suspended some efforts of political awareness on the part of the Commission because it's clear that, in the current situation, with the sanctions of the EU against China and the Chinese counter-sanctions, including against Members of the European Parliament, the environment is not conducive to the ratification of the agreement," Valdis Dombrovskis, executive vice-president of the European Commission, told French news agency AFP in an interview.
Source: EuroNews #May05
https://www.euronews.com/2021/05/04/eu-suspends-efforts-to-ratify-controversial-investment-deal-with-china
#EU #Investment #China #Agreement #Sanction
The EU has suspended efforts to ratify an investment deal with China because of tensions between Brussels and Beijing.
The agreement was reached in principle last December but had yet to receive the necessary endorsement from EU institutions, such as the European Parliament.
"We have for the time being [...] suspended some efforts of political awareness on the part of the Commission because it's clear that, in the current situation, with the sanctions of the EU against China and the Chinese counter-sanctions, including against Members of the European Parliament, the environment is not conducive to the ratification of the agreement," Valdis Dombrovskis, executive vice-president of the European Commission, told French news agency AFP in an interview.
Source: EuroNews #May05
https://www.euronews.com/2021/05/04/eu-suspends-efforts-to-ratify-controversial-investment-deal-with-china
#EU #Investment #China #Agreement #Sanction
The European Parliament freezes China investment pact by majority
The EU–China Comprehensive Agreement on Investment (CAI) has been under negotiation since 2014. It is generally considered to be of great significance to China’s diplomacy and trade. The European Parliament voted to freeze the ratification at around 2 p.m. local time today (20May), it was passed with 599 votes in favour, 30 votes against, and 58 abstentions. According to the latest decision, European Parliament will halt the ratification and no further negotiations on the agreement will take place until China lifts sanctions on EU officials, academics, and diplomats in March.
According to reports in foreign media, chair of the European Parliament's China Delegation Reinhard BĂĽtikofer
said that China wants to reach the agreement, but has miscalculated, and underestimated European Parliament's will in defending European interests and values.
Source: Stand News #May20
https://bit.ly/3vsqGNx
#Europe #EU #China #Parliament #Investment #Agreement
The EU–China Comprehensive Agreement on Investment (CAI) has been under negotiation since 2014. It is generally considered to be of great significance to China’s diplomacy and trade. The European Parliament voted to freeze the ratification at around 2 p.m. local time today (20May), it was passed with 599 votes in favour, 30 votes against, and 58 abstentions. According to the latest decision, European Parliament will halt the ratification and no further negotiations on the agreement will take place until China lifts sanctions on EU officials, academics, and diplomats in March.
According to reports in foreign media, chair of the European Parliament's China Delegation Reinhard BĂĽtikofer
said that China wants to reach the agreement, but has miscalculated, and underestimated European Parliament's will in defending European interests and values.
Source: Stand News #May20
https://bit.ly/3vsqGNx
#Europe #EU #China #Parliament #Investment #Agreement