Foreign capital invested in Taiwan stock market loosened; 3 billion US dollars as the ceiling

Source: Liberty Times 11/13/2001
Translated by Joanne Lue

　To tie-in the resolution made by the Economic Advisory Conference, upgrade the competing capability in the financial market and in compliance with this country’s accession to the World Trade Organization, the Ministry of Finance (“MOF”) decided to loosen the various conditions for foreign capital to invest the stock market of this country.  Meanwhile, the MOF determined to simplify the operation procedures to effectively lower the cost for the foreign capital to enter into the market of this country to expand the scope of the invested object. The measures adopted by the MOF include raising the ceiling on single-foreign investment from 2 billion US dollars to 3 billion US dollars, opening foreign capital investment in emerging stocks and index option contract transaction, and simplifying procedures such as examination of the qualification of foreign capital, etc.