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Central bank wants investment curbs

The central bank is pushing for curbs to be imposed on the amount of Chinese capital that can be placed in local stocks, hoping to stem the inflow of speculative funds, an official said yesterday.

The Financial Supervisory Commission, which has the authority to set limits on Chinese funds, has been approached by central bank officials eager to keep controls tight, said Lu Ting-chieh (盧廷劼), the commission’s chief secretary.

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Official asks for probe of Control Yuan members

A former Yilan County official yesterday asked prosecutors to investigate three Control Yuan members who allegedly covered up for officials involved in the Yuanta I Pin Building (一品苑) case.

Lin Chin-kun (林錦坤), a former Yilan County Yuanshan Village (員山) representative, mailed a request to the Supreme Prosecutor’s Office Special Investigation Panel (SIP) requesting an investigation into whether Control Yuan members Ma Yi-kung (馬以工), Chen Yung-hsiang (陳永祥) and Lin Chu-liang (林鉅鋃) handled the case inappropriately.

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Newsflash

The Executive Yuan yesterday approved amendments that would eliminate a requirement to keep political files and national security information permanently confidential.

When political files are categorized as classified national security information, the content should be declassified after 40 years, the amendments state.

The amendments to the Political Archives Act (政治檔案條例) and the Classified National Security Information Protection Act (國家機密保護法) are part of government efforts to pursue transitional justice on behalf of those who were politically persecuted following the 228 Incident in 1947 and during the Martial Law era from 1949 to 1987.