Date
17 December 2017

Taiwan service pact logjam holding up investments, paper says

Taiwan could see 100 billion yuan (US$16.3 billion) worth of investments flow to mainland China as soon as the island’s parliament passes the cross-strait service trade deal that was inked in June last year, United Daily News reported Friday. The amount represents half of the total of 200 billion yuan worth of renminbi assets accumulated in Taiwan as of now, it said. In January last year, mainland authorities granted Taiwan a 100 billion yuan quota under the Renminbi Qualified Foreign Institutional Investor (RQFII) program. That was more than London’s 80 billion yuan quota and Singapore’s 50 billion but less than Hong Kong’s 270 billion yuan. However, the Taiwan quota has been stuck due to political concerns of some the island’s legislators, the report noted.

– Contact HKEJ [email protected]

TL/AC/RC

 

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