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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


A handout photo provided by the Office of the President of Taiwan on 12 July 2016 shows an aerial photograph of Taiping Island, also known as Itu Aba Island in the South China Sea on March 23, 2016.
Photo: EPA

Taiwan yesterday refused to accept a ruling by the Permanent Court of Arbitration in The Hague, Netherlands,which included a statement that Taiwan-controlled Itu Aba Island (Taiping Island, 太平島) in the Spratly Islands (Nansha Islands, 南沙群島) is a “rock,” saying the verdict has severely infringed on Taiwan’s rights over the South China Sea island and its surrounding waters.