Taiwan tightened investment in mainland China will be ordered to withdraw investment

A typical example of as the Taiwan authorities to restrict enterprises to invest in the mainland Island, UMC suspected illegal investment in the mainland has attracted much attention at home and abroad. Yesterday, the Taiwan media reported that the UMC case may therefore suffer 25 million yuan NT fine. At the same time, the Taiwan authorities will also require the application of the mainland enterprises to invest in the island of judicial authentication audit, and limit the island's enterprises to invest in mainland China through third.

According to Taiwan's "Economic Daily" Taiwan "investment committee" quoted unnamed officials as saying, UMC may be due to alleged violations of investments in the mainland suffered up to NT $25 million fine. The official said that the Taiwan authorities will be ordered to withdraw electricity to Suzhou and ship technology investment, or will be fined more. The newspaper also quoted Taiwan vice chairman of the Financial Supervisory Commission, "said Lv Dongying, the Taiwan authorities will require the investment on the mainland to apply for judicial appraisal audit, and by the international accounting firm to operate. Lv Dongying said that the application will need to be signed by the enterprise Regulatory Commission audit of the audit of the undertaking, and agreed to pay the audit fee. Legal profession, told reporters that the introduction of forensic audit in the audit, in order to reveal the transparency of the transaction is very low, the actual financial situation of the two sides of the transaction. In addition, the Taiwan Business Times quoted yesterday, Taiwan, Secretary General of the National Security Council, Qiu Yiren said, the Taiwan authorities will limit the island's enterprises to invest in mainland China through third. Qiu said that the Taiwan authorities in the approval of such investments, it may be required to apply for enterprises to submit investment, operation and return of funds on the island timetable. The indirect investment involving advanced technology and high-end product output, you need to be in accordance with the relevant requirements of active management". "These measures are no way to stop the island enterprises to invest in the mainland." Lu Jianwen, director general of the Suzhou Municipal Association, said in an interview with the Morning Post reporter, in the market economy conditions, businessmen will only act in accordance with commercial interests. "Even if Taiwan, such as TSMC can not say that the mainland enterprises, and finally not to invest in Songjiang? How do you stop?"