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Taipei inks financial MOU with China

The nation’s financial regulator unexpectedly signed a financial memorandum of understanding (MOU) with Beijing at 6pm via a document exchange yesterday, sealing the much awaited pact.

Financial Supervisory Commission (FSC) chairman Sean Chen (陳冲) announced in the evening that he represented Taiwan in signing the documents — one in traditional Chinese and one in simplified Chinese — with Chinese authorities through a document exchange at 6pm.

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Foreign academics urge Ma to seek public consensus

President Ma Ying-jeou (馬英九) must seek public consensus on the development of cross-strait ties as Taipei-Beijing relations spread into more political areas, some European experts on cross-strait affairs said in interviews with the Taipei Times.

Dafydd Fell, senior lecturer of the department of political and international studies at the School of Oriental and African Studies (SOAS), University of London, said Ma needs to be very cautious on the pace of liberalizing cross-strait relations.

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Newsflash

President Ma Ying-jeou (馬英九) yesterday said that China’s declaration of an air defense identification zone (ADIZ) over an area of the East China Sea does not involve “air space” or “territorial sovereignty,” but that Taiwan will express its “serious” concern to China and other parties.

It is the first time Ma has commented on Beijing’s ADIZ move, which was announced on Saturday and has generally been viewed as upping the ante in China’s confrontation with Japan over the disputed Diaoyutai Islands (釣魚台) — known to Japanese as the Senkaku Islands — which Taiwan also claims sovereignty over.