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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

Despite heavy rains yesterday, protesters show their support for former president Chen Shui-bian outside the Taiwan High Court as the court started to hear his appeal against his graft conviction.
PHOTO: CHANG CHIA-MING, TAIPEI TIMES

The Taiwan High Court yesterday began to hear the appeal by former president Chen Shui-bian (陳水扁), who insisted his life term for graft was “illegal” and argued the evidence used to convict him was insufficient.

Chen was sentenced to life in prison by a district court last month for embezzling state funds, laundering money, accepting bribes and forgery. His wife, Wu Shu-jen (吳淑珍), also received life imprisonment on graft convictions.