From Wall Street Journal:
Taiwan’s new government is opening up the island’s financial markets to Chinese money, in its latest effort to expand business ties with mainland China.
Taipei will allow Chinese investors to place funds in the island’s stock and futures markets starting in October, Wu Tang-chieh, the Financial Supervisory Commission’s vice chairman, said Thursday.
The investments will be carried under China’s Qualified Domestic Institutional Investors program, which allows selected local banks, fund managers and insurers to invest in overseas securities on behalf of their mainland Chinese customers.
