11.13.2001
Further easing of QFII investment limits announced

• In line with the open market sentiment ushered in by Taiwan’s accession to the WTO, the Ministry of Finance (MoF) has raised the ceiling on stock investment by each QFII to US$3bn from US$2bn, effective today. The MoF also announced that screening procedures for QFII investment will be simplified, and that effective January 1, 2002 foreign investors will be allowed to trade unlisted stocks in the gray market as well as stock index options. In the last two years the MoF has been progressively easing QFII investment restrictions. In 2000, the MoF finally allowed 100% ownership of stocks by QFII. QFII holdings currently account for 12.6% of the TAIEX.