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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

The Democratic Progressive Party (DPP) has been advised by former president Chen Shui-bian (陳水扁) to reverse a recent slide in public opinion polls by becoming assertive and aggressive, which he said would help the party’s prospects of victory in next year’s presidential election.

“The struggle of DPP Chairperson Tsai Ing-wen (蔡英文) in recent polls should serve as a warning about her campaign strategy,” Chen, who is serving a 17-and-a-half-year jail sentence for corruption and money laundering, wrote in an article published yesterday.

In opinion polls conducted by the DPP, Tsai’s lead over her main opponent in January’s presidential election, President Ma Ying-jeou (馬英九), slid from 7.5 percent in late April to 0.2 percent last month