Taiwan's first three open industries
The service industry is open 23, mainly in the wholesale and retail industries, including department stores and catering, but the service industries involving lawyers and accountants are suspended.
The manufacturing industry has opened 65 projects, including Chinese herbal medicines, steam locomotives and their parts, textiles, rubber products manufacturing, plastic products manufacturing, mobile phones, audio, home appliances, computers and biotechnology industries, but wafers and TFT-LCDs. The panel display is temporarily unavailable.
In the initial stage of public construction, 11 projects were opened, including aviation stations and their facilities, port and sightseeing and other facilities. However, land capital can only participate in Taiwan's public construction by means of participation in shares or participation in Taiwan to participate in the bidding.
The latest news from Taiwan’s economic authorities shows that the specific measures and open projects for mainland investors to invest in Taiwan are scheduled to be announced this month, and they will be open as soon as June. In the industrial open project, the first phase plans to open up 99 industries in the three categories of manufacturing, service industry and public construction.
30% of the shareholding is regarded as land capital
The relevant parties in Taiwan held a policy coordination meeting for land-to-Taiwan on the 12th. It was determined that the enterprises with a shareholding ratio of 30% of land assets were regarded as land-based funds. According to Taiwan’s “China Times†report, even if it does not reach 30%, as long as it has substantial influence on the enterprise, it is still regarded as land capital.
The opening will adhere to the three principles of “tightening first, then widening, gradual progress and achieving results and then expandingâ€. The front list will be opened in stages, and after opening to a certain extent in the future, the positive list may be changed to a negative list. In other words, the initial list can be opened, and in the future, only open industries will be restricted.
Ma Ying-jeou, the leader of the Taiwan authorities, said in an interview with Taiwan’s Dongsen News recently that he hopes that the relevant measures will continue to flow in a streamlined manner, rather than flooding, and then it will be abruptly stopped.
Among the first three open categories of industries, the manufacturing industry will open 65 projects, accounting for 30% of 212 manufacturing industries, including Chinese herbal medicine, automobiles, textiles, rubber products, plastic products, etc., as well as electronic technology industry, general electronics. The industry, including televisions, refrigerators, stereos, washing machines, DVD players and computer peripherals, is an industry that is open to the public in the future. However, wafer and TFT-LCD panel displays are not open yet.
The service industry will open 23 projects, accounting for 21% of the 113 service industries, mainly in the wholesale and retail industries, including department stores, catering, and the second category of telecommunications businesses with value-added services. However, the service industry involving lawyers and accountants and other licenses is temporarily suspended. In the initial stage of public construction, 11 projects will be opened, including aviation stations and their facilities, port and sightseeing and other facilities. However, land-based capital can only participate in Taiwan's public construction by participating in shares or by entering a company to participate in the bidding.
Taiwan’s Minister of Economy Yin Qiming said that in addition, projects such as solar photovoltaic, aviation, communications, LED lighting industry, wind power generation, food and other cross-strait bridging projects will be suspended due to further communication.
Financial industry telecommunications industry or the next batch of open
Yin Qiming also revealed that the recently watched financial industry and telecommunications industry may be included in the scope of the second phase of opening up.
The land-based open authority is the investment review meeting of the Ministry of Economic Affairs. The manufacturing projects are mainly managed by the Industrial Bureau. The Commercial Department is responsible for the circulation industry and the wholesale and retail industry. The MAC will consolidate other service industries. The financial and insurance services industry is the responsibility of the FSC and will not be included in the May open list. It must be included after the signing of the MOU in June.
According to Taiwan's "Economic Daily", in principle, the banking, insurance and securities industries will be included in the second phase of the open project, but each has different open conditions, and it is subject to the conditions for the opening of cross-strait financial markets. In addition to participating in investment, offices and branches are also included in the scope of direct investment. Since the establishment of the office does not involve business operations, in the investment finance industry where the land is invested in Taiwan, the future is considered to be a project that is likely to be approved soon.
The first wave of open service industries includes the so-called second-class telecommunications business, including network value-added services and telephone card sales, all of which are not in the first category. However, the first type of telecommunications services for setting up telecommunications line equipment is not in the first wave of openness. This will also be included in the consideration of future openness. It is regarded as one of the major economic policies of Ma Ying-jeou's team. It will help normalize cross-strait economic and trade relations and help to integrate their advantages in technology, access and brand, and enhance the international competitiveness of cross-strait enterprises.
Earlier, Chen Yunlin, president of the ARATS, and Jiang Bingkun, chairman of the Taiwan Strait Foundation, held talks in Nanjing on April 26 to reach a principled consensus on mainland capital investment in Taiwan: adhering to the principle of complementary advantages and mutual benefit, actively encourage and promote Mainland enterprises go to Taiwan to investigate and invest in order to strengthen and deepen cross-strait industrial cooperation and achieve normalization and institutionalization of cross-strait economic and trade relations.
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