China’s institutional investors can invest up to $500 million in the island’s stock market. This after decades of being barred.
However, there is an 8% limit for shipping firms while Chinese investors are barred from buying airlines, air cargo, futures, construction, and real estate and broadcasting stocks.
In addition, Chinese holdings will be limited to only 10% in financial, natural gas and other government-controlled firms, and 8% in shipping firms.
Top News reported the Bank of China, the country’s largest foreign exchange lender will open its first branch in Taiwan, with an initial management team of 20 to 30 staff.
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Bank of Taiwan to set up office in mainland December 09, 2009
Bank of Taiwan gets approval to open office in Shanghai December 08, 2009