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Updated Sunday, May 15, 2011 11:09 pm TWN, CNA

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NSC sets up data bank for tracking of Chinese funds

TAIPEI--The National Security Council (NSC) said Saturday that it has set up a data bank to collect information on Chinese investors, funds and funded enterprises for the reference of the government to strengthen security management of mainland Chinese funds and personnel entering Taiwan.

The NSC said in a report submitted to the Legislative Yuan earlier in the week that cross-Taiwan Strait exchanges have become closer in recent years and that trade exchanges should become even more systematic.

“The exchanges and flow of cross-strait funds, commodities and personnel will form a new security problem,” according to the report.

On the flow of cross-strait funds, the NSC will help collect information regarding Taiwanese businessmen investing in mainland China in violation of the law.

In terms of Chinese funds entering Taiwan, the NSC said it will list categories in which investment will be allowed, as well as military-funded Chinese enterprises or those with military purposes that are banned from investing in Taiwan.

The NSC will also keep abreast of any special demands made by major Chinese trade and economic delegations.

The National Immigration Agency will visit the delegations as required to collect evidence of any violations regarding Chinese funds, or information on Chinese-funded enterprises in Taiwan regarding their purchases of shares in strategic or sensitive Taiwanese enterprises.

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