Newsletter
CEILING ON FOREIGN INVESTMENT IN LISTED AND OTC STOCK OF DOMESTIC COMPANIES RAISED TO 50%
The Ministry of Finance announced the following adjustments to the ceilings on investment in the shares of public-issued companies by overseas Chinese and foreign nationals on March 30:
The ceiling on the shareholding of any single overseas Chinese or foreign person in any company whose shares are listed or traded over the counter is raised from 15% to 30%; the ceiling on the overall shareholding of all funds raised overseas and all overseas Chinese and foreign nationals in any public-issued company is raised from 30% to 50%. The ceiling on investment in public-issued companies by individual foreign investors is kept at US$600 million. Additionally, the Executive Yuan has already made a policy decision to deregulate foreign investment in the Taiwan stock market across the board in 2000.