Taiwan to allow Chinese investors to invest USD 500mn in stock market.

By bne IntelliNews January 19, 2010
According to Channel News Asia , the Financial Supervisory Commission stated recently that the Taiwanese government would allow Chinese investors to invest up to USD 500mn in the country's stock market. The move is intended to improve economic ties with china. Chinese institutional investors would now be allowed to own stakes of up to 10% in the gas, financial and other companies controlled by the Economic Ministry. However, they would be allowed to own stakes of up to only 8% in shipping firms and would not be allowed to buy certain categories of stocks such as airlines, futures, construction, real estate and broadcasting.
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