Taiwan will for the first time allow Chinese investors to take stakes in its prized technology companies, a major step towards opening its economy to mainland China as cross-Strait relations improve.
Taiwan’s Ministry of Economic Affairs has proposed allowing Chinese investment of up to 10 per cent in Taiwanese technology companies, and up to 50 per cent in new technology-sector joint ventures, a person familiar with the situation said, adding that the proposal would soon be approved by the government and announced publicly. Another person confirmed that the proposals had been sent to the government.
The new rules would give Chinese investors access to some of Taiwan's most globally competitive companies.
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