The Ministry of Economic Affairs said yesterday that it would prioritize easing restrictions to attract investors from China after eliminating the caps on China-bound investments today.
The ministry said it originally planned to ease restrictions on Taiwanese industries next month and relax restrictions on Chinese investment in Taiwan in September.
However, after discussing the matter with President Ma Ying-jeou (馬英九) on Monday, the ministry changed its plans as Ma sought to speed up the flow of capital across the strait by allowing Chinese capital into Taiwan.
In contrast to lifting restrictions on domestic companies investing in China, the ministry said allowing Chinese investors to enter the domestic market would require a lot of negotiations with other agencies and would take longer.
“Although there’s not much time, the ministry hopes to complete planning procedures by the end of next month,” Minister of Economic Affairs Yiin Chii-ming (尹啟銘) told reporters at his office yesterday evening.
“Basically the ministry is working toward lifting policy restrictions to encourage foreign investment in Taiwan,” Yiin said.
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