At a news conference on October 21, Zhang Han, spokesperson for the State Council Taiwan Affairs Office, commented on measures against companies linked to Shen Boyang.
Zhang said the office announced sanctions in June 2025 against Zhaoyi, a company headed by Shen Boyang’s father, Shen Tucheng. Afterward, Shen Tucheng continued buying goods from mainland China and selling them abroad through another company under his name, VWAY, making a profit on the price difference. Zhang said the facts were clear and the evidence conclusive.
Zhang said China protects the lawful rights and interests of Taiwan residents in accordance with the law. He added that it would not tolerate Taiwan independence advocates and associated companies that, in Beijing’s view, obstruct peaceful development and exchanges and cooperation across the Taiwan Strait.
