According to reports in the international media, the Taiwanese central bank is seeking to tighten the rules for overseas investors in local currency, in order to curb speculation in this area by hedge funds.
Under current rules, the central bank asks investors holding Taiwanese dollar funds for more than a year to buy shares or remove the funds. Under the proposed new regime, this 'observation period' would be shortened to six months.
However, the planned move is facing opposition from the territory's Financial Supervisory Commission, which is seeking to continue the liberalisation of the stock market.
"Our priority is the stability and development of the stock market. And the stock market's behaviour is healthy," deputy chairman of the FSC, Lu Tung-yin told the Financial Times on Monday, continuing:
"There is nothing abnormal so far in the relation between fund inflows and foreign investment in shares which would require action."
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