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Chinese capital deregulation to be Cabinet's 2009 policy priority

Chinese capital deregulation to be Cabinet's 2009 policy priority

Easing restrictions on Chinese investment in Taiwan's stock market will be one of the government's policy priorities for the coming year, according to a package of policy guidelines approved by the Cabinet Thursday.
Under the guidelines, the government will gradually allow Chinese investment in the local bourse and will set up a monitoring mechanism to oversee financial exchanges across the Taiwan Strait.
Meanwhile, the government will amend laws to facilitate local financial institutions' investment and business expansion in China.
In addition, the government will encourage foreign companies, including overseas Taiwanese companies, to list on Taiwan's stock exchange to enhance the country's international competitiveness.
The measures are part of the government's goal of building Taiwan into a regional financial operation center in the Asia Pacific, the Cabinet said.


Updated : 2021-01-19 17:03 GMT+08:00