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Ma promises to remove 40 percent cap

President Ma Ying-jeou (馬英九) promised yesterday to remove the 40 percent cap on China-bound investment to encourage local industries to remain based in Taiwan while boosting investors’ confidence in the nation’s economy.

“The development of companies in Taiwan has been limited because of the investment cap. We will relax the 40 percent investment cap reasonably for companies that want to invest in China,” Ma said yesterday while receiving Peter Sands, chief executive of Standard Chartered Group, at the Presidential Office.

Taiwanese companies are bar­red from investing more than 40 percent of their net value in China. Ma said the Ministry of Economic Affairs was drawing up measures to remove the 40 percent investment cap.

On Thursday, the ministry said it would complete its plan to remove the cap on China-bound investment this month and realize Ma’s campaign promise.

Ma said his administration would also present a series of new measures to allow foreign capital to enter Taiwan more easily, such as loosening regulations on Taiwanese purchases of foreign funds and relaxing the investment cap on foreign enterprises in Taiwan if they set up headquarters in the nation.

“Our goal is to improve the country’s investment environment and strengthen our economy, so that both local and foreign companies will be more willing to invest in Taiwan,” he said.


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