Hands bite back: Taipei bourse reels after investor's arrest

Article Abstract:

The Taiwan Stock Exchange has been shaken by defaults of more than 7 billion Taiwan dollars ($280 million) accrued between Sep 16 and Sep 17, 1992, by a few major investors. The defaults forced a two-day free fall with the market index of the second largest stock market in Asia plunging 275 points to a 20-month low. Ten brokerages were closed by the Securities and Exchange Commission for not acting on the share transactions. Lei Po-lung was also arrested by the police when he admitted defaulting on 1.9 billion Taiwan dollars worth of share purchases. Oung Da-ming, patriarch of the Oung family and major partner in the Hualon group was also implicated.

Security and commodity exchanges, Cases, Stock-exchange, Stock exchanges, Ethical aspects, Securities fraud, Taiwan Stock Exchange

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Let's tango: Taipei asks investors to back its diplomatic goals

Article Abstract:

The Taiwanese government is asking its private investors to invest in Central and South America in order to help Taiwan further its diplomatic links with the region, which is also being vigorously courted by China. The approach is part of a plan by President Lee Teng-hui to further Taiwan's diplomatic interests. However, few Taiwanese companies have invested in Latin America, held back by the possibility that the host country could favor Chinese links. In furtherance of his plans, Lee has agreed that Taiwan will be an associate partner in Central America's political and social integration.

Legislative Bodies, Foreign Relations, Foreign investments, Economic aspects, Investments, International relations, Chinese (Taiwan), Taiwanese in foreign countries

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Talking back to back: Taipei responds tentatively to Beijing

Article Abstract:

Taiwan President Lee Teng-hui on Apr 8, 1995, replied to Chinese President Jiang Zemin's late Jan remarks on the relationship between the two countries. In particular, Lee called on mainland China to renounce the use of force in controlling Taiwan, and he hinted that formal talks would be welcome. Others in Lee's govt suggest that the best forum for such talks would be the next summit of the Asia-Pacific Economic Cooperation (Apec) forum later this year, though some suggest it should wait until after the next elections.

China, Political aspects, Chinese foreign relations, Chinese (Taiwan) foreign relations, Chinese reunification question, 1949-

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