Mainland Chinese Investments in Taiwan Will Include 115 Manufacturing Items

According to The Ministry of Economic Affairs (MOEA), the third-wave opening for mainland Chinese investments in Taiwan will include 115 manufacturing items, notably LED and solar cell, and 23 items for the service sector and infrastructure each. Economics Minister Shih Yen-shiang pointed out that for buying into the local firms in key hi-tech industries, Chinese investors cannot become the controlling shareholder or the largest shareholder. In the meanwhile, the investment projects must contain industrial cooperation and must be subject to the inspection of an ad hoc panel. In addition, Shih said that the requirement will be more flexible than the existing ceiling of 10% stake owned by Chinese investors in existing enterprises and stricter than the 50% ceiling in new joint ventures. The third-wave mainland Chinese investments have been approved by Taiwan Executive Yuan (the Cabinet) and are scheduled to take effect by the end of March. Source: www.ledinside.com