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Mainland QDIIs approved to invest in Taiwan stock market
By Xu Shenglan (chinadaily.com.cn)
Updated: 2008-12-05 17:02 Taiwan announced Thursday that it had passed two acts to loosen the limits on the mainland qualified domestic institutional investors (QDIIs) and high school graduates. The regulations to allow mainland QDIIs to invest in the island's stock and futures markets, which was drafted by Taiwan's financial watchdog, was formally approved yesterday. The measures will allow mainland staff of listed companies and mainland shareholders of overseas firms registered in Taiwan to subscribe and allocate portfolios. According to the measures, the investment ceiling of mainland QDIIs will be 3 percent of the total fund net value before both sides sign an official memorandum of understanding, and QDIIs cannot invest in emerging stock, borrow securities to trade, or control Taiwan enterprises. Taiwan also approved a draft amendment to its cross-Straits people's relation rules yesterday to recruit more mainland students and loosen regulations on mainland students' qualifications. But it also comes with restrictions on the total number of mainland students, and they are not offered scholarships, allowed to take part-time jobs, or to apply for government services' exams. This draft will be examined by Taiwan's "legislature". (For more biz stories, please visit Industries)
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