News Videos
International Edition


September 20, 2017

Breaking News, World News and Taiwan News.
About Us
Contact Us

MOU frees China's QDIIs to invest in Taiwan stock market

TAIPEI, Taiwan -- China's qualified domestic institutional investors (QDIIs) will be allowed to invest in Taiwan's stock market after a memorandum of understanding on financial regulatory cooperation between the two countries takes effect.

Under the MOU, which was signed Monday and will take effect within 60 days, Taiwan and China will work together to exchange and protect the confidentiality of information, establish a mechanism to deal with possible financial crises, and conduct financial examinations, Financial Supervisory Commission (FSC) chairman Sean Chen said Monday after representing Taiwan in signing the documents.

Once the MOU comes into effect, China's QDIIs will be allowed to invest up to 10 percent of their assets in Taiwan's stock market, according to Chen.

China has 12 QDIIs and its State Administration of Foreign Exchange (SAFE) had granted the 12 QDIIs investment quotas of about US$10 billion (NT$325 billion) as of the end of October.

Based on the 10 percent maximum investment limit in Taiwan's stock market, the 12 QDIIs will be able to inject up to approximately NT$30 billion in the local bourse.

Under existing regulations in China, Chinese QDIIs are only allowed to invest up to 3 percent of their assets in public and corporate bonds in regions that have not signed an MOU with China.

Advertise  |   RSS Feed  |   About Us  |   Contact Us
Home  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |  
Arts & Leisure  |   Health  |   Editorial  |   Commentary Travel  |   Movies  |   Guide Post  |   Terms of Use  |  
  chinapost search