Deacons
  February 25, 2005 - Hong Kong

Taiwan: Taiwan Relaxes Restrictions on Investments in PRC Related Securities by Foreign Fund Managers

The Taiwan Securities and Futures Bureau issued an Order on 31 January 2005 increasing the limit on investment in PRC related securities by foreign funds offered by SICEs from 5% to 10% of the fund’s net asset value (NAV). The Order makes no change to the restriction on an offshore fund’s investments in securities issued in Mainland China which remains capped at 0.4% of the fund’s NAV.