TAIWAN

From Times Staff and Wire Reports

Rules Eased for Foreign Investments in Stock Market: Taiwan will double the limit for investment and ease curbs on capital flows, the country's Securities and Exchange Commission said. Chairman Day Linin said the central bank and Finance Ministry had agreed on the new rules, which take effect Aug. 1, to speed up internationalization of Taiwan's financial markets. The ceiling for total foreign investment in the stock market will be raised to $5 billion from the current $2.5 billion, he said. Day said Taiwan would also double the maximum size of a single investment application by a foreign institution, to $100 million from $50 million.

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