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CHINESE SPECULATION ON TAIWAN BOURSE WILL BE IMPOSSIBLE: FSC.
TAIPEI, Aug 1 Asia Pulse - Even if Chinese funds are allowed on the Taiwan stock market, speculation using such funds would not be possible as a well-devised supervisory mechanism has been in place, a Financial Supervisory Commission (FSC) official said Thursday.
FSC Vice Chairman Wu Tang-chieh said an FSC-initiated plan to relax restrictions on investments of overseas funds in the Taiwan bourse is expected to draw an initial NT$30 billion (US$979.4 million) when it is implemented, hopefully in October.
The Executive Yuan gave the green light Thursday to the plan to allow firms in which Chinese institutions control more than 20 percent of the stakes and China-based Taiwanese companies to trade their shares on Taiwan's over-the-counter (OTC) market and to permit qualified domestic institutional investors (QDII) from China to invest in the Taiwan bourse.
Wu estimated that since Taiwan has not yet signed a memorandum of understanding (MOU) with China on this proposal, only 3 percent of Chinese QDII investment is expected to be channeled into the Taiwan stock market, representing an investment of NT$30 billion.
"The Taiwan-bound Chinese QDII ...
- CHINESE QDII PRODUCTS LASHED BY SUB-PRIME CRISIS.
- News wire article from: AsiaPulse News August 22, 2007 700+ words
...global stock markets also directly led to fall in net value of Chinese QDII (Qualified Domestic Institutional Investor) products...prime crisis is creating a golden buying opportunity for Chinese QDII products. (XIC) 22-08 1403
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SHANGHAI - China International Fund Management hired BNY Mellon Asset Servicing as the overseas custodian for its qualified domestic institutional investor fund, confirmed BNY Mellon spokesman Ivan Royle. BNY Mellon will be China International's first custodian for the CIFM Asia Pacific Advantage
- FOREIGN CAPITAL FUNNELED INTO TAIWAN BOURSE REACHES US$72.6 BLN.
- News wire article from: AsiaPulse News March 5, 2004 700+ words
...the Securities and Futures Commission (SFC) announced Thursday. Foreign investors channeled US$4.1 billion into Taiwan bourse in January and US$2.2 billion in February, showing a slowdown in foreign investment, according to a SFC official...
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- News wire article from: AsiaPulse News January 4, 2007 700+ words
...fund" scandal. The pollsters found that foreign funds constituted 30 percent of all funds that had been channeled into the Taiwan bourse as of December 2006, marking a new high in this regard. The poll of investors who had made transactions in the Taiwan stock...
- NOT TIME YET TO HALT TAIWAN BOURSE TRADING: EXECUTIVE YUAN.
- News wire article from: AsiaPulse News October 14, 2008 700+ words
...stock markets over the past week, Secretary-General of the Executive Yuan Hsieh Hsiang-chuan said Monday. Although the Taiwan bourse also lost ground last week, it fared relatively better than its U.S. and European counterparts, Hsieh said. "All we...
- TAIWAN BOURSE CHIEF CALLS FOR CLEARER REGULATIONS ON INSIDER TRADING.
- News wire article from: AsiaPulse News October 8, 2007 700+ words
TAIPEI, Oct. 8 Asia Pulse - Wu Rong-i, chairman of the Taiwan Stock Exchange Corp. (TSE), Saturday urged the government, in collaboration with law experts, to review existing rules regulating insider trading cases and come up with clearer and more feasible regulations. Wu made the call while
- TAIWAN BOURSE COULD REBOUND TO OVER 7,000 POINTS: ECONOMIST.
- News wire article from: Asia Africa Intelligence Wire November 7, 2003 700+ words
(From Asia Pulse) TAIPEI, Nov 7 Asia Pulse - Fueled by a noticeable domestic economic recovery, the stock market is expected to rebound next year, with its benchmark index rising above the 7,000 point level, an economist predicted Thursday. Taiwan Institute of Economic Research (TIER) Chairman Wu
- Taiwan bourse enjoys bullish sentiment.
- News wire article from: Asia Africa Intelligence Wire January 24, 2003 700+ words
(From Taiwan Economic News) Taipei, Jan. 24, 2003 (CENSThe Taiwan Stock Exchange yesterday opened high and enjoyed a bullish trend throughout the trading session, with the weighted share price index gaining 85.53 points to settle at 5078.80 Amid the bullish sentiment, a total of 7.63 million shares
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- News wire article from: AsiaPulse News November 22, 2005 700+ words
TAIPEI, Nov 22 Asia Pulse - The Taiwan Stock Exchange Corporation (TSEC) has signed a letter of intent with Euronext, expressing its interest in boosting bilateral cooperation with Europe's leading cross-border exchange, a TSEC spokesman said Monday. According to the spokesman, TSEC Chairman Wu
- STOCKS - TAIWAN BOURSE ENDS WEAKER - MARCH 28, 2007.
- News wire article from: AsiaPulse News March 28, 2007 700+ words
TAIPEI, March 28 Asia Pulse - Taiwan stocks tumbled 0.73 per cent Wednesday due to profit-taking following Wall Street's overnight falls after the release of disappointing US data, brokers said. The weighted index shed 57.03 points to end at 7,788.14. ASIA PULSE 28-03 1932
Source: HighBeam Research, CHINESE SPECULATION ON TAIWAN BOURSE WILL BE IMPOSSIBLE: FSC.