Until the end of first quarter this year, Taiwan's listed companies had remitted only 0.88 percent of their total investment in China, according to the Securities and Futures Commission (
According to the Commission, Taiwan's listed companies had invested NT$8.5 billion in the first quarter this year, increasing the total investment by the group to NT$154.2 billion over the past few years. The electronics industry, with some NT$50.7 billion invested, has been the industry with the highest investment in China, followed by the food industry's NT$23.3 billion and the plastic sector's NT$11.9 billion investment.
The total remittance of income from Taiwan's listed companies invested in China increased NT$280 million in the first quarter, to NT$1.35 billion.
But it's only 0.88 percent of the total investment in China by the listed companies.
"Most of the listed companies that have invested in China actually have not made money," Chu told the Taipei Times yesterday.
"Despite the fact that the `no haste, be patient' policy has prevented certain industries [in Taiwan] from investing their money in China, most of the traditional industries in Taiwan have been moving parts of their operations to China in recent years. According to their figures, most of the listed companies have not been making money," said Chu.
Another 25 listed companies launched new investment projects in China in the first quarter this year. A total of 384 listed companies, or 43 percent of total listed companies, have business interests in China.
They include 256 companies listed in the stock exchange and another 128 companies listed in the TAISDAQ, the over-the-counter market in Taiwan.
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