Chinese report ‘names and shames’ Fortune 500 firms for mislabelling its territories
- Researchers produce study to highlight ‘failings’ of firms like CK Hutchison Holdings, AIA Group and Taiwan Semiconductor Manufacturing
- Report finds 127 examples of ‘mistaken’ or ‘inappropriate’ labelling on companies’ websites
Some details of the report have already been published by China’s state media.
Despite the allegation, CK Hutchison said on Thursday that its websites always listed Hong Kong, Macau and Taiwan as regions or markets, and never as countries.
But Zhi said that even listing cities and provinces as regions was problematic.
“On those lists, Hong Kong, Macau and Taiwan look like independent entities and there is no clear explanation that they are part of China,” he said.
He said he was unable to provide a copy of the report before its official release.
In recent years Beijing has accused numerous multinational brands of failing to comply with its demands on how Hong Kong, Macau and Taiwan should be labelled.
Zhi said his report looked at how Hong Kong, Macau and Taiwan were listed on the websites of all of the companies on last year’s Fortune 500 list and found 127 examples of “mistaken” or “inappropriate” labelling.
Among the other so-called offenders were Hong Kong-based AIA Group and Taiwan Semiconductor Manufacturing Company, the world’s biggest contract chip maker.
Zhi, whose team produced a similar report on the companies that made up the 2017 Fortune Global 500 list, described the study as a success.
He said it would force more companies to change the way they referred to Chinese territories, as Siemens had done. Hong Kong is now listed as “Hong Kong (China)” on the German conglomerate’s website.
“We will conduct more research of this kind and look into international aviation companies in our future reports,” Zhi said.