fsc

Taiwan wants to lure wealthy investors' capital from Singapore and above all Hong Kong but it ideally needs lower tax rates to do so, says a senior local regulator.

The Korean electricity company's five-year dollar issue benefits from a relaxation of rules for domestic investors.

Korea's Capital Market Consolidation Act is effective from today, but the timing could hardly be worse.

The FSC is making disclosure on social responsibility compulsory for Taiwan-listed firms so that investors can better understand the processes and progress that companies are making towards sustainability.

Officials from the CSRC, CBRC and CIRC have met with counterparts in TaiwanÆs FSC. Market watchers expect a deal to be finalised by mid-2009.

The announcement signals a departure from a decade of closed-door policy. Regulators hope this will attract foreign investments and listings in Taiwan.

HSBCÆs dream of a leap forward in KoreaÆs banking market is dashed by a failure to renegotiate terms with Lone Star.

The regulator will soon announce steps to prevent a potential run within a few weeks.