CCTV.com - CNTV English - CCTV News

Taiwan firms encouraged in mainland asset management

11-11-2012 15:54 BJT

Asset management companies from Taiwan are being encouraged to play a bigger part in the mainland market, a top securities regulator said on Sunday.

Guo Shuqing, chairman of the China Securities Regulatory Commission, said more Taiwan asset management firms are welcome to help develop the market, as an initial step for more businesses, such as underwriting, to be carried out.

Speaking at a press conference on the sidelines of the 18th National Congress of the Communist Party of China, Guo said that Taiwan institutions have been keen to apply for qualified foreign institutional investor (QFII) status in the mainland, under the Economic Cooperation Framework Agreement, and some have been granted licenses.

The CSRC has also encouraged qualified domestic institutional investors (QDII) to expand their investment in the Taiwan Stock Exchange, Guo said, with numbers expected to grow.

He added that the lifting of the limit for foreign investment stake in domestic brokerages, from 33 percent to 49 percent, also applies to investors from Taiwan.

Professional securities industry qualifications are already mutually recognized across the Taiwan Straits, Guo said.

Editor:James |Source: China Daily

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program