Chinese capital coming

The Cabinet-level commission set the aggregate ceiling capital for investments remitted into Taiwan by the QDIIs based in China at US$500 million for the time being.

The investment capital of each individual QDII should not exceed US$80 million.

The commission made the announcement when the memorandum of understanding (MOU) on cross-strait cooperation in financial supervision signed by Taipei and Beijing formally takes effect today.

SFC officials said the restrictions on investment capital from China were set for the initial stage after consulting with the Central Bank of China (CBC) to prevent possible impact of such investments on the local bourse.

But the figures can be gradually eased in the future, they said.

The commission also imposed constraints on the investments by the QDIIs. No investments will be allowed in enterprises in the sectors of civil aviation and air cargo forwarding service under the jurisdiction of the Ministry of Transport and Communications.

In the financial sector, investments in stock and futures exchanges and financial clearing service are prohibited.

Other prohibited investments include security service, construction development, contractors, and real estate brokerage firms supervised by the Ministry of Interior.

Investments in telecommunications services, broadcasting and TV companies, and producers of broadcasting companies are off limits.

1|2|Next Page>>

SharePrintEmail

Write a Comment

Terms

Enter your comments - 3000 characters max

Type in image code

Submit

 Receive China Post promos
 Respond to this email