Regulations on Chinese investment to be released late May

Yiin said the government will adopt a gradual approach in opening up to Chinese investment, with initially strict restrictions and an incremental expansion of the permitted fields.

In the initial stage, 63 industries in the manufacturing sector will be opened up, which will account for 30 percent of the total 212 businesses, Yiin said.

In the services sector, 24 industries will be opened up, accounting for 21 percent of the total 113, he said.

As to the infrastructure sector, 11 of the total of 812 categories will be liberalized, including airports, harbors, tourism and recreation, the minister said.

According to Yiin, the regulations will include a provision that bans any monopoly investment.

Opening Taiwan to Chinese investment was one of the understandings reached Sunday in Nanjing between the chief negotiators representing the respective sides -- Taipei-based Straits Exchange Foundation Chairman Chiang Pin-kung and Beijing-based Association for Relations Across the Taiwan Straits President Chen Yunlin.

The measure is expected to reverse the current one-way movement of investment from Taiwan to China and help normalize cross-Taiwan Strait trade and economic ties.

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