I could post the entire post, but it is in Chinese. If you can read traditional Chinese, here you go.

Link to Taiwan Newspaper Article

I'll do my best to translate roughly for the benefit of those that do not read Chinese.

Begin Translation

Major league baseball's San Francisco Giants has contacted the Chinese Professional League's most popular player, Cheng-Min Peng, through his agent. His team, the Brother Elephants, has reservations about the interest level and has stressed that if the Giants are truly interested, they would like to discuss terms on a "team to team" basis instead of working through the agent.

Brother Elephant's PR manager Ling-Ya Hong acknowledged that Peng's agent has brought up the possibility of allowing Peng to play for the Giants. The team's initial response is not favorable. Hong went on to say, however, that if there is a truly better opportunity for Peng, the Brother Elephants will not stand in the way. However, as Peng is the single most popular player in Taiwan, the team does not want to see Peng leaves to pursue greener pastures only to sit on the bench.

Hong stressed that Peng is not only the best player for the Brothers team, but the most important property of the entire Chinese Professional League. If Peng leaves for MLB, they must properly evaluate the effect to both the team and the league. She does not want to deal verbally with the agents in "exploratory" terms. If MLB teams are serious, they need to discuss directly with the Brothers from a team to team standpoint. They must make sure Peng will be treated fairly and paid properly. Compensation for the team will also be a topic of discussion. (my thoughts : Let's give them Barry Zito and call it a deal! Cy Young!)

Peng's agent Rei-Yu Lin is not optomistic about the ongoing negotiation. He stressed that if Peng is allowed to go play for the Giants the compensation will surely be higher than it is right now. (I did a little research, his signing bonus with the Elephants is 100K, with Annual compensation of roughly 120K. That's below MLB minimum). He will continue to work with the team because playing in the MLB is the chance of a lifetime.

Edit : According to Taiwan Baseball Wiki, Peng was contacted by the New York Yankees, Florida Marlins, and the Atlanta Braves in highschool. However a wrist injury ended those talks at the time. The Tokyo Yomiyuri Giants in Japan's league was reportedly interested in Peng as well but the rumor was never substantiated.

End translation

here's Peng's english Wiki page

http://www.baseball-reference.com/bullpen/Cheng-Min_Peng

I found a nice video on youtube that showcases his excellent plate coverage with power to all fields and plays a decent first base.

http://www.youtube.com/watch?v=JGX6dXkry44 

Being Chinese myself, I'd love to see Peng on the Giants. Not only is he a good player, he will also bring in tons of revenue from merchandise..etc. His popularity in Taiwan is only dwarfed by Chieng Ming Wang.

Other famious Taiwan Players include the Dodger's Hong-Chih Kuo and Chin Long Hu, Ex- Rockie Chin Hui Tsao, and the Yankee's 19 game winner Chieng Ming Wang