Thursday, April 30, 2009

Mainland China makes first investment in Taiwan since civil war

Some highlights --

Taiwan stocks are soaring after the mainland made its first investment in the Island since the civil war.

China mobile agreed to buy a 12% stake in Taiwan's 3rd largest mobile phone carrier, Far East Tone Telecommunications.

Direct flights between the two will increase.

Mainland institutional investors will be able to buy shares as of today.