Ministry tightens Chinese investment regulationsSECURITY ISSUE: Chinese military and CCP-owned firms are banned from investing in Taiwan, while other companies are restricted to investing in non-sensitive sectorsBy Angelica Oung / Staff reporterThe Ministry of Economic Affairs yesterday said that it has tightened control on Chinese investments in Taiwan due to national security concerns, following in the steps of countries such as the US and Japan. Based on new regulations, Chinese military-owned companies and Chinese Communist Party-owned companies are banned from investing in Taiwan. Article 4 has expanded the definition of “investment” to cover any purchase of Taiwanese companies or assets by a Chinese company, even in the absence of a stock deal. “Chinese companies are restricted to investing in non-sensitive sectors such as retail and wholesale,” Su said. The ministry also announced an amendment to the Regulations Governing Investment or Technical Cooperation in the Mainland Area (在大陸地區從事投資或技術合作許可辦法), tightening control of Taiwanese technology and intellectual property (IP) going to China.

Source: Taipei Times December 30, 2020 15:56 UTC