Taiwan Opens Stock Market Fully to Foreigners
Taiwan's stock exchange is to be fully liberalized for foreign investments, the country's finance ministry announced Tuesday.
A 50-percent limit on a foreign investor’s holdings in a single listed Taiwanese firms was removed, effective Tuesday, the ministry said.
A 50-percent ceiling on a combined foreign holdings in a single local firm was also ended, it said.
Opening up the stock market is in line with other liberalization policies for Taiwan's accession to the World Trade Organization, expected later this year, it said.
As of December 22, foreign investors had poured 29.50 billion US dollars for equity investment in Taiwan, according to the Securities and Futures Commission (SFC).
Foreign buying in the stock market totaled 112 billion Taiwan dollars (3.4 billion US) and foreign selling reached 86 billion dollars from January 4 to December 22 last year, the SFC said -- TAIPEI (AFP)
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