Taiwan to let China firms invest in LCD makers: report

Feb 14, 2011

Chinese firms will be allowed to own up to a fifth of Taiwan's flat-screen makers as the island further eases its controls on investments from the mainland, local media reported Monday.

In yet another sign of fast warming ties with Beijing, Taiwan's economic ministry last month completed its screening of a proposal for opening up to Chinese investors, the Commercial Times said.

Under the proposal, which must get the cabinet's final approval, Chinese home appliance manufacturers will be permitted to hold up to 20 percent of Taiwan's LCD (liquid crystal display) makers, it said.

But the investments will not be permitted if the transactions make Chinese investors the single biggest shareholders, the report rgadded.

The measures will help Taiwanese flat-screen makers forge alliances with Chinese home appliance firms and help them tap China's vast market, it said, explaining why the government has decided to lift its ban.

A spokesman for Taiwan's economic ministry declined to comment on the report when reached by AFP.

in June 2009 partially lifted a decades-old ban on in the island by Chinese companies or individuals amid rapidly improving ties following the election of Beijing-friendly Ma Ying-jeou as president in 2008.

Despite the opening, accumulated Chinese investment streams to Taiwan are less than one thousandth the money going in the other direction.

As of December, Chinese firms had made 102 investments on the island worth $131.83 million, Taiwan's Investment Commission said.

Meanwhile, Taiwan businesses have funnelled an estimated $150 billion to the mainland since the government eased controls on China-bound investment in 1991, local media have said.

still regards Taiwan as part of its territory awaiting reunification although the island has governed itself since 1949 at the end of a civil war.

Explore further: Ticketfly buying WillCall for on-premise data

add to favorites email to friend print save as pdf

Related Stories

China's TV makers plan Taiwan shopping spree: report

May 23, 2010

A delegation of Chinese television makers is heading to Taiwan to buy five billion US dollars' worth of components, part of Beijing's efforts to boost the island's economy, a report said Sunday.

Taiwan lets chip firms invest in China: report

Jan 25, 2010

Taiwan will allow its chip makers to invest in their counterparts in China in response to growing calls from the island's business community for closer high-tech ties, local media said Monday.

Recommended for you

Ticketfly buying WillCall for on-premise data

19 hours ago

Ticketfly Inc., a San Francisco-based technology company among several posing a challenge to Ticketmaster, is acquiring WillCall Inc., a crosstown rival that turns your smartphone into a mobile wallet at live events.

HP revenue inches up after years of decline

Aug 20, 2014

Hewlett-Packard on Wednesday reported that its quarterly revenue rose for the first time in three years, nudged by improved computer sales everywhere except Russia and China.

Restaurants experimenting with pay-in-advance tickets

Aug 20, 2014

With restaurant patrons increasingly jumping on the Internet to make reservations, some high-end eateries here and across the country are adding a new tech wrinkle: having their clientele pay for their meal in advance using ...

Chip maker Infineon to buy California firm for $3B (Update)

Aug 20, 2014

German chip maker Infineon Technologies AG says it has agreed to pay $3 billion in cash for California-based semiconductor firm International Rectifier, which produces power-management components used in everything from cars ...

User comments : 0