Taiwan removes restrictions on China investment
Updated
Taiwan has announced it is lifting almost all restrictions on local firms investing in China.
It is the latest move by the new government in Taipei aimed at strengthening ties with the mainland.
The new measures are expected to be implemented on August 1.
The change means Taiwan companies can invest as much as they want, so long as they maintain an operational headquarters in Taiwan and have annual revenue of at least $US16.5 million.
Under current rules, local firms are allowed to invest a maximum of 40 per cent of their net worth in China.
