Insider” China’s Ministry of National Security directed behind the scenes Hong Kong media accuses Shen Boyang of conniving his father to “make red money”
The pro-China Hong Kong media Wen Wei Po and Ta Kung Pao accused Shen Boyang's father's company of profiting from China trade. Experts believe that this move is intended to undermine Shen Boyang's election and reduce the pressure on Jiang Wanan.
Quick Look
- Pro-China Hong Kong media accused Democratic Progressive Party Taipei mayoral candidate Shen Boyang's father's company of making profits in China.
- Shen Boyang responded that he was smeared by his followers.
- Scholar Hong Puzhao pointed out that this move was directed by China’s Ministry of National Security and was intended to interfere with Taiwan’s elections through negative public opinion and weaken Shen Boyang’s political momentum.
AI-generated summary
Why It Matters
After Shen Boyang launched the "Great Ocean Current Project", his electoral momentum increased, putting pressure on the current mayor Jiang Wanan. China's accusation through Hong Kong media that his family's business was profiting in China was seen as a pre-election political attack.
The "Ocean Current" swept across Taiwan, severely damaging the KMT's election. Hong Kong media launched a series of smear reports today. The pro-communist Hong Kong media "Wen Wei Po" and "Ta Kung Pao" accused that the Trillion Company owned by the father of DPP Taipei mayoral candidate Shen Boyang, after being punished by China in June last year, used another company under his name "VWAY" CO.LTD" company name, continued to "make money" in China, with a trade volume of nearly US$700,000 in just over half a year. News headlines even described Shen as "RMB super glue" and "secretly conniving at his father to make red money." However, according to official sources, the command system behind the CCP’s attacks on Shen Boyang and his relatives through pro-China and Hong Kong media is the Ministry of National Security of China.
Shen Boyang has already responded to the outside world. He was entrusted by Hong Kong people to follow him, and his family business was also smeared. Why it was the Hong Kong media who broke the news? Everyone should be able to see clearly, and it is good to make the Hong Kong media happy.
Hong Kong media alleged that Shen Tucheng established VWAY in 2005, which originally specialized in sourcing textiles such as fabrics and carpets from China. In June 2025, after Trillion Company was punished for Taiwan independence, VWAY Company took over the thermos cups, auto parts and other department store businesses of the original Trillion Company.
From January 2022 to May 2025, VWAY's trade volume in China totaled 38 transactions of US$599,800. After June 2025, VWAY's trade volume increased significantly, and by March 2026, VWAY's trade volume in China totaled 39 US$689,800.
The report even stated in the name of "Observer of Cross-Strait Issues" that while Shen Boyang was clamoring to "resist China and protect Taiwan," he allowed his father to escape China's sanctions and continue to "make red money." This fully demonstrated that his image as a pioneer in "resistance to China" was just a cover to deceive the people on the island and gain political reputation.
On the other hand, "Xia News", a media subsidiary of Political and Economic Media Co., Ltd. founded by fugitive fugitive Peng Wenzheng, followed up on Hong Kong media reports this afternoon and posted an article on Threads using the "eatnews.tw" account, criticizing Shen Boyang for saying that "for them, all exchanges are part of the united front." How will Shen Boyang respond to this new accusation?
In addition, some netizens discovered that former Central News Agency reporter Xie Xing'en, who had rented a parking space at the residence of Liang Wenjie, the deputy chairman of the Mainland Affairs Council, and was involved in the "paparazzi shadowing group" and resigned, also quoted a report in Thread today from "Dagong Wenhui.com" accusing Shen's father of "making money" in China. She posted a question, "Black Bear now does not recognize that all exchanges with China are united front, and has also changed its position that the Twin Cities Forum is a breach of infiltration. It seems to have a well-founded origin."
It is understood that the "ocean current" swept across Taiwan and severely damaged the KMT's election. The series of smear reports launched by the Hong Kong media today were directed by China's Ministry of National Security. Hong Puzhao, director of the Center for Global Strategy and Democratic Resilience at Taipei City University, said in an interview with this newspaper today that China's involvement in political offense and defense before Taiwan's elections is nothing new. The time China chose to take action this time is of high political significance. After Shen Boyang launched the "Great Ocean Current Project", he boosted the electoral momentum and put Jiang Wanan, who was originally thought to be easily re-elected, facing unprecedented political pressure. As the year-end election approaches, the Chinese election has exposed the trade disputes of Shen Boyang's family business through the Hong Kong media at this time, with a clear intention to intervene in the election.
Hong Puzhao pointed out that the political purpose of this operation is quite clear, which is to use Shen Boyang's father's business dealings with China to attack Shen Boyang's political integrity and shift the focus of the election from municipal inspection to negative accusations against Shen Boyang personally. China's negative public opinion offensive at this time will objectively help reduce the competitive pressure faced by Jiang Wanan.
Hong Puzhao analyzed that judging from the report content of "Hong Kong Wen Wei Po", China connected company registration, trade amount and customs declaration information, and then extended his father's business behavior into a political attack on Shen Boyang himself. Shen's father runs a business and engages in international trade, which are purely commercial activities. However, China deliberately ties family relationships with political stances and uses business information to package political attacks in an attempt to create a negative image of Shen Boyang whose words and deeds are inconsistent.
Hong Puzhao judged that in the next few days, local pro-China media and politicians in Taiwan will focus on following up and significantly expand negative reports and political attacks and defenses against Shen Boyang. According to China's dissemination model of political information on Taiwan in the past, overseas media took the lead in making accusations, and then local cooperating media in Taiwan quoted and criticized politicians, allowing single-source news to gain more exposure through intensive reporting. Relevant reports have now emerged. As Taiwan's local pro-China media joins the siege, China is leading this wave of negative public opinion offensive. Through intensive smear campaigns and character attacks, it will damage Shen Boyang's political reputation and weaken the electoral momentum set off by the ocean current.
Hong Puzhao criticized that China knew that this operation method had been exposed long ago, but still chose to take action before the election, because even if negative information cannot convince all voters, it can interfere with the election agenda through repeated exposure. Once a smear campaign is intensively spread through the media, even if it turns out to be a smear campaign, the damage to the person concerned has already been done. What China wants is this kind of political effect, so that rumors can run ahead of the truth and clarification can never catch up with slander.
What to Watch
AI outlook — possibilities, not facts
Taiwan's local pro-China media will follow up on the Shen Boyang family business controversy.
Likely · Within days
Open Questions
- Does Shen Boyang's family business indeed have illegal trade practices?
- What is the scale of follow-up reporting by local media in Taiwan?





