TAIPEI, Taiwan - Taiwan says it will double the limit on investments in the island's stock market by qualified Chinese institutions from $500 million to $1 billion, the latest sign of deepening economic ties between the two sides.
Taiwan's securities regulator Huang Tien-mu said late Tuesday the island may also consider allowing investments by qualified Chinese individuals to further boost the island's market transactions.
Huang's remarks followed a meeting in Taipei with China's top securities regulator, Guo Shuquing.
Another Chinese regulator, Tong Daochi, said China may offer Taiwanese institutional investors a quota of 100 billion yuan ($15 billion) to invest in the Chinese stock market.
Taiwan and China split amid civil war in 1949, but have recently been drawing closer economically. They signed a broad agreement in 2009 to foster financial co-operation.