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Taiwan looks to tighten investment rules for China

Taiwan looks to tighten investment rules for China

Taiwan is looking to tighten regulation of Chinese investment in its companies over fears that Beijing could obtain access to sensitive data and technologies.

The government is compiling an “inventory” of legal and illegal Chinese stakes in the economy and is planning to close loopholes that threaten national security, senior government officials told the Financial Times.

The push mirrors the US’s recent move to tighten national security review procedures of foreign investments to guard against China.

China claims Taiwan as its territory and threatens to invade if it resists unification indefinitely.

A senior national security official told the FT that the government would be given more powers to investigate whether funds from Hong Kong or third countries are actually Chinese investors in disguise.

Source: www.ft.com
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