Legislative Speaker Wang Jin-pyng yesterday called on the government to protect companies with advanced research and development capabilities to prevent them from moving key technologies to China for financial reasons.
Wang made the remarks at a forum hosted by an association of science park industries that was attended by dozens of representatives of companies at Southern Taiwan Science Park.
A memorandum of understanding (MOU) may be signed between the Taiwan Stock Exchange and Shanghai Stock Exchange in the second quarter that would allow Chinese qualified domestic institutional investors (QDII) to acquire up to 10 percent stakes in listed companies.
Opening the market to Chinese capital could damage industries, as investors could seek to obtain key technologies from a company after acquiring 10 percent of its shares, Wang said, because this would give the investors influence in company operations.
Crucial technologies should be kept in Taiwan, he said.
别The government has the responsibility to protect companies with excellent research and development abilities,刹 Wang said.
In addition, 别businesses need to seek help from the government if they run into troubles like this,刹 he said.
Financial Supervisory Commission Chairman Sean Chen said at a recent legislative session that the commission, in collaboration with the central bank, would map out regulations to pave the way for Chinese QDIIs to invest in the financial market.
China is also expected to raise its cap on QDII investment in Taiwan from 3 percent to 10 percent of Chinese QDII funds in the financial market, estimated at NT$30 billion (US$908 million).
Johanne Liou (劉喬安), a Taiwanese woman who shot to unwanted fame during the Sunflower movement protests in 2014, was arrested in Boston last month amid US President Donald Trump’s crackdown on illegal immigrants, the Criminal Investigation Bureau (CIB) said yesterday. The arrest of Liou was first made public on the official Web site of US Immigration and Customs Enforcement (ICE) on Tuesday. ICE said Liou was apprehended for overstaying her visa. The Boston Field Office’s Enforcement and Removal Operations (ERO) had arrested Liou, a “fugitive, criminal alien wanted for embezzlement, fraud and drug crimes in Taiwan,” ICE said. Liou was taken into custody
ON PAROLE: The 73-year-old suspect has a criminal record of rape committed when he was serving in the military, as well as robbery and theft, police said The Kaohsiung District Court yesterday approved the detention of a 73-year-old man for allegedly murdering three women. The suspect, surnamed Chang (張), was arrested on Wednesday evening in connection with the death of a 71-year-old woman surnamed Chao (趙). The Kaohsiung City Police Department yesterday also unveiled the identities of two other possible victims in the serial killing case, a 75-year-old woman surnamed Huang (黃), the suspect’s sister-in-law, and a 75-year-old woman surnamed Chang (張), who is not related to the suspect. The case came to light when Chao disappeared after taking the suspect back to his residence on Sunday. Police, upon reviewing CCTV
TAIWAN ADVOCATES: The resolution, which called for the recognition of Taiwan as a country and normalized relations, was supported by 22 Republican representatives Two US representatives on Thursday reintroduced a resolution calling for the US to end its “one China” policy, resume formal diplomatic ties with Taiwan and negotiate a bilateral Taiwan-US free trade agreement. Republican US representatives Tom Tiffany of Wisconsin’s 7th Congressional District and Scott Perry of Pennsylvania’s 10th District were backed by 22 Republican members of the US House of Representatives. The two congressmen first introduced the resolution together in 2021. The resolution called on US President Donald Trump to “abandon the antiquated ‘one China’ policy in favor of a policy that recognizes the objective reality that Taiwan is an independent country, not
The US-Japan joint statement released on Friday not mentioning the “one China” policy might be a sign that US President Donald Trump intends to decouple US-China relations from Taiwan, a Taiwanese academic said. Following Trump’s meeting with Japanese Prime Minister Shigeru Ishiba on Friday, the US and Japan issued a joint statement where they reaffirmed the importance of peace and stability in the Taiwan Strait and support for Taiwan’s meaningful participation in international organizations. Trump has not personally brought up the “one China” policy in more than a year, National Taiwan University Department of Political Science Associate Professor Chen Shih-min (陳世民)