Free Trial

/HONG KONG: Per RTRS: "Taiwan plans to.......>

TAIWAN
TAIWAN: /HONG KONG: Per RTRS: "Taiwan plans to enhance scrutiny over investment
from Hong Kong to prevent illicit money from mainland China "infiltrating" its
economy, after Beijing imposed a new security law on the Asian financial hub, a
source with direct knowledge of the matter said. Taiwan, claimed by China as its
own, has traditionally treated investment from Chinese-run and supposedly
autonomous Hong Kong and Macau as foreign investment, without the same controls
and limits it has on money coming from mainland China. But Beijing's contentious
new security legislation for Hong Kong has been criticised by many Western
nations and rights groups as undermining the city's autonomy, forcing democratic
Taiwan to reassess how it does business with Hong Kong."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.