Enterprise’s direct investment in Mainland China to be allowed in January 1, 2002 at latest

Source: Commercial Times 11/08/2001
Translated by Corrina Wu

　The Chairperson Mainland Affairs Council, Ing-wen Tsai, and the Minister of the Ministry of Economic Affairs, Hsin-I Lin announced in the press conference held in the Executive Yuan yesterday (November 7, 2001) that enterprises’ direct investment in Mainland China will be open.  The Government will call off the ceiling on investment, i.e. US$50,000,000, simplify the examination procedures and only examine the individual case of the investment exceeding the amount of US$20,000,000.  Meanwhile, the Government will ease the ceiling on accrued investment contributed by the individual and small and medium enterprises in Mainland China from US$60,000,000 to US$80,000,000, and the ceiling on accrued investment which the securities issued and collected by listed (or OTC) companies should not exceed will be adjusted from 20% of the investment or net worth to 20%-40% thereof.  This new policy will be carried out in January 1, 2002 at latest.