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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

Three days after a review committee rejected its proposal to hold a referendum on the government’s proposed economic cooperation framework agreement (ECFA) with China, an increasingly angry Taiwan Solidarity Union (TSU) yesterday issued a statement asking members of the committee to apologize and revisit their decision.

“The Referendum Review Committee must publicly apologize within three days and reopen their deliberations or the TSU will be suing [committee members that voted against the proposal] for ­misconduct and exceeding their authority,” the statement quoted TSU Chairperson Huang Kun-huei (黃昆輝) as saying.