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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Taiwan to curb Chinese investment in key sectors: report AFP - 2 hours 29 minutes ago Send IM Story Print Taiwan to curb Chinese investment in key sectors: report TAIPEI (AFP) - – Taiwan plans to restrict Chinese stock investment in strategic sectors, as it seeks to keep control of its economy amid rapidly growing ties with the mainland, local media said Monday. Chinese institutional investors will be allowed to hold no more than a total of 10 percent in listed companies in the telecommunications, aviation and finance industries, the Commercial Times reported, citing unnamed sources. The paper also said the Financial Supervisory Commission will meet with relevant agencies soon to discuss what cap should be set on Chinese investments in less-vital sectors, according to the paper. The report was published a week after Taiwan and China signed three landmark memorandums paving the way for growing cooperation in banking, insurance and securities. The agreements, which will go into effect in January, will enable Chinese institutional investors to buy shares in Taiwan's stock market for the first time. The announcement of the signing was met with criticism that Taiwan's government had acted too fast, without ensuring proper debate about the implications of the wide-ranging pacts. In particular, the opposition Democractic Progressive Party, which favours formal independence from the mainland, has voiced concern that too close relations with China could cost the island its de-facto self-rule. China and Taiwan have been governed separately since the end of a civil war in 1949, but Beijing still considers the island part of its territory, awaiting reunification. However, relations have improved significantly since the China-friendly politician Ma Ying-jeou became president last year, with last week's memorandum being just one example of warming ties. The Financial Supervisory Commission declined comment Monday morning when contacted by AFP. Recommend Send IM Story Print Related Articles S.Korea to offer Woori Fin shares in block deal Reuters - 39 minutes ago Dubai's Abraaj raises capital to $1.5 bln Reuters - 44 minutes ago Spanish stocks - Factors to watch on Monday Reuters - 44 minutes ago China stocks rise 0.9 pct, 3-½ month closing high Reuters - 49 minutes ago China's Haitong Securities to buy Hong Kong broker AP - 51 minutes ago News Search Top Stories BA warns cabin crew over strike: report Harnessing the power of salt, Norway tries osmotic power Spanish PM vows sweeping reforms to boost economy US economy will 'bounce back': Indian PM Antarctic ice loss vaster, faster than thought: study More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Crisis forcing hard-up Spaniards to sell their hair EU recession over, but sharp contrasts in east First Air France A380 reaches New York Antarctic ice loss vaster, faster than thought: study Swine flu vaccine effective despite mutations: experts More Most Viewed » Alcohol helps cut heart disease risk for men: study More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2009 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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