Taiwan, mainland China to boost financial exchanges

Securities regulators from Taiwan and mainland China have concluded a set of measures governing reciprocal investment Jan. 29 as part of efforts promoting cross-strait financial exchanges, a Taiwanese government report said.

The conclusion was made at the first meeting of the cross-strait financial supervisory platform for securities and futures in Taipei City on Jan. 29, according to Taiwan Today.

Taiwan's Financial Supervisory Commission (FSC) will raise the investment ceiling for mainland Chinese qualified domestic institutional investors in Taiwan’s stock market from US$500 million to US$1 billion, Huang Tien-mu, director-general of the FSC's Securities and Futures Bureau, was quoted sa saying.

The FSC also plans to relax qualification requirements for mainland Chinese securities and futures companies wishing to set up representative offices in Taiwan, and study the feasibility of allowing them to lift stakes in their Taiwan counterparts.

Park Sae-jin swatchsjp@ajunews.com