Home / Business / Business Highlights Tools: Save | Print | E-mail | Most Read | Comment
Milestone for mainland investment in Taiwan
Adjust font size:

Fujian's Newland Group told Beijing Business Today that its application to purchase a controlling stake in Taiwan's Dipu Technologies Co., Ltd had been approved by the Ministry of Commerce. Newland is the first Chinese mainland enterprise approved to invest in Taiwan.

"This is a milestone," Zhu Lei, an expert from the Chinese Academy of Social Sciences Taiwan Research Institute, said yesterday. "Many mainland enterprises are planning to expand into Taiwan. The Newland development marks the beginning of two-way cross-Straits investment. At the end of 2008, the Chinese mainland had 77,506 Taiwanese investment projects worth US$47.66 billion. But mainland investments in Taiwan are measured in farthings."

Zhu cautioned that mainland enterprises should conduct thorough research and analysis before investing in Taiwan.

Taiwan opened up 100 categories of manufacturing, service and infrastructure sectors to Chinese mainland investment on June 30, 2009. Mainland companies and institutions will be allowed to set up branch offices and wholly-owned or joint-venture companies on the island.

Besides Newland, dozens of mainland enterprises, including Fujian Industrial Bank and Xiamen ITG Group, have immediate plans to invest in Taiwan.

For more information, please consult the Chinese coverage here:


(China.org.cn by Li Xiaohua July 30, 2009)


Tools: Save | Print | E-mail | Most Read Bookmark and Share
Pet Name
China Archives
Related >>
- Taiwan reports six more A/H1N1 cases during medical conference
- Deeper exchanges mirror more harmonious Taiwan Straits
June 7 Tokyo 2nd China-Japan High-Level Economic Dialogu

June 30 Shanghai 2009 Automotive Engine Technology Seminar

September 8-12 Xiamen China Int'l Fair for Investment and Trade
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?