Chinese capital could be invested in Taiwan's real estate market as long as certain conditions are imposed, an official of the Straits Exchange Foundation (SEF) said yesterday.
SEF Vice Chairman Kao Koong-lian (高孔廉) said the investment would have to focus on offices and factories initially, rather than on housing.
In addition, areas adjacent to airports and ports are militarily sensitive and Chinese investment in these areas would need to be restricted, Kao said.
SECURITIES MARKET
He made the remarks while attending the launch of a new book — an English-language version of the 1,000 top Taiwanese businessmen of the year.
On Chinese investment in the securities market, Kao said there would have to be complementary measures, such as an imposition of tax and an investment duration, in order to avoid short-term speculation by Chinese investors.
CONCERNS
Kao’s remarks came amid concern in some sectors over the government’s continued relaxation of its cross-strait economic policy.
In a related development, the Executive Yuan announced earlier yesterday that it would raise the ceiling on Taiwanese companies’ investments in China to 60 percent of their net asset values.
At present, most publicly listed Taiwanese companies are restricted from investing more than 40 percent of their net asset value in China, while the limit is 20 percent for large-scale business groups.
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