To link to this article, copy this persistent link:
http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205403044_text

(Mar 22, 2012) On March 19, 2012, Taiwan's Minister of Economic Affairs, Shih Yen-shiang, announced the government's intention to allow mainland Chinese investors to participate in 161 kinds of businesses. This plan, outlined by Shih at a legislative committee hearing, would be the third round of opening up of Taiwan's market to investment from the mainland and would represent a substantial extension of investment opportunities. Previous rounds occurred in 2010 and 2011. The proposal would permit the investment in 115 types of manufacturing companies, representing 97% of the manufacturing sector; 23 service industries, which is 51% of that sector; and 23 businesses involved in public infrastructure construction, 51% of those businesses. At present, mainland Chinese investment is permitted in only 42% of businesses in manufacturing and services and 24% in the infrastructure construction area. (Jeffrey Wu, Taiwan to Allow More Chinese Investment (Update), TAIWAN NEWS (Mar. 19, 2012).)

Speaking in February, Taiwan's Interior Minister, Lee Hong-yuan, gave one reason behind the widening of the areas of investment open to Chinese mainlanders. He stated that Chinese funds could be useful, given Taiwan's budget shortfall for funding infrastructure. (Taiwan Seeks Chinese Investment in Infrastructure, CBS MONEY WATCH (Feb. 2, 2012).)

Author: Constance Johnson More by this author
Topic: Investments More on this topic
Jurisdiction: Taiwan More about this jurisdiction

Search Legal News
Find legal news by topic, country, keyword, date, or author.

Global Legal Monitor RSS
Get the Global Legal Monitor delivered to your inbox. Sign up for RSS service.

The Global Legal Monitor is an online publication from the Law Library of Congress covering legal news and developments worldwide. It is updated frequently and draws on information from the Global Legal Information Network, official national legal publications, and reliable press sources. You can find previous news by searching the GLM.

Last updated: 03/22/2012