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Strategies & Market Trends : Asia Forum

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To: Don Earl who wrote (129)	12/25/1997 9:59:00 PM
From: pcyhuang	Read Replies (1) of 9980

An exception for Taiwan Hi, Don: Your statement that "Control of insurance and banking will shift to the US" just could not happen in Taiwan. According to current Taiwan regulations in regard to foreign investment, investment in a local company by a foreign investor may not exceed 10%, and total foreign investment in a local company cannot exceed 25%. Moreover, the limit to the overall local investment by a foreign investor cannot exceed US$600 million. Nontheless, Citicorp's operation in Taiwan has been enormously successful, primarily because of its introduction of innovative banking techniques and products... Best regards, pcyh

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