Direct investment in Chinese mainland allowed August 2

The Executive Yuan recently officially approved Article 4 of the Regulations of Application for Approval of Investment/Technology Collaboration in Mainland China, in which the words "must go through a third place" were crossed out, and a new era of direct investment was thus opened.  These Regulations will be promulgated by the Ministry of Economic Affairs on July 31 and implemented on August 2.  Nonetheless, for those preferring indirect investment, the Government Security Exchange Commission, Ministry of Finance will draw up relevant substitute measures to request public issuing companies to fully disclose their financial status to make it transparent.  In the future, companies will be allowed to make their own choice, except for special items like wafer plants and major investments that must go by direct investment.

Source: Commercial Times 07/29/02