Taiwan approves market-opening plan
Article Abstract:
Taiwan has implemented several measures aimed at attracting foreign investments. The measures include raising the amount of stocks open to foreign investors from 15% to 20% and allowing foreign buyers to purchase as much as $5 million worth of shares in Taiwan's stock market per year. Some critics warned that the new measures could adversely affect the stock values of Taiwanese corporations. Moreover, they added that immediate effects of the new measures will remain largely invisible for the time being, given Taiwan's economic and political problems.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
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Taiwan's move to widen foreign access to market may be its last for some time
Article Abstract:
Taiwan's decision to lift foreign ownership quotas in the country's stock market will benefit investors. Under the new rules, foreign investment can reach 15% of a company's total market capitalization. The new rules indicate the Taiwanese government's commitment to liberalize the securities industry. However, the rules are intended to give Taiwan's central bank greater control over the local currency, which worries many fund managers.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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