|
BIZCHINA> Top Biz News
![]() |
|
Taiwan to allow investments in mainland futures
(Agencies)
Updated: 2009-04-15 16:31 Taiwan will allow local funds to invest in the mainland futures markets, the latest sign of warming cross-Straits ties under its current administration, a Taiwan regulatory official said on Wednesday.
Taiwan funds were previously allowed to invest in the mainland stocks but not in any of three futures markets, which are in the cities of Shanghai, Dalian and Zhengzhou. He said the guidelines would take effect when the two sides sign an economic agreement liberalizing rules governing investments by their financial institutions in each other's markets, which is expected by the end of May. The move comes as Taiwan allows the establishment of futures funds for the first time, in a move to diversify its markets to include more financial products. Two local financial firms, Cathay Financial and Polaris Securities, are in the process of setting up the island's first futures funds. Cathay said late last month it will launch Taiwan's first such fund, and is planning to raise NT$7 billion ($207 million) for that endeavour. (For more biz stories, please visit Industries)
|
|||||
洪江市| 南木林县| 关岭| 和硕县| 西宁市| 双桥区| 桃源县| 郎溪县| 清苑县| 鲁甸县| 广饶县| 满洲里市| 班戈县| 漯河市| 伊宁县| 丹江口市| 娄烦县| 惠州市| 廊坊市| 盐亭县| 汪清县| 合江县| 沁水县| 安丘市| 洛川县| 延寿县| 惠州市| 外汇| 平潭县| 乡城县| 图木舒克市| 藁城市| 新泰市| 锦屏县| 二连浩特市| 涟源市| 广南县| 海晏县| 健康| 阿尔山市| 古田县|