taiwan-removes-foreign-ownership-restrictions

Taiwan removes foreign ownership restrictions

The announcement signals a departure from a decade of closed-door policy. Regulators hope this will attract foreign investments and listings in Taiwan.
TaiwanÆs Financial Supervisory Commission has removed all restrictions on foreign ownership of Taiwan securities.

The move, which took effect on October 14, is a significant departure from the protectionist policies that have eschewed foreign MA buyers since the original enactment was brought into force in March 1996.

The FSC says it wants to encourage overseas companies to list in Taiwan, and most importantly, to attract foreign individuals and overseas Chinese to invest in its securities market.

The FSC has yet to clarify how the lifting of ownership restrictions specifically affects funds under the Qualified Domestic Institutional Investor QDII programme.

Despite the general difficulty of securing financing this year, there has also been much noted...
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