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Central bank wants investment curbs

The central bank is pushing for curbs to be imposed on the amount of Chinese capital that can be placed in local stocks, hoping to stem the inflow of speculative funds, an official said yesterday.

The Financial Supervisory Commission, which has the authority to set limits on Chinese funds, has been approached by central bank officials eager to keep controls tight, said Lu Ting-chieh (盧廷劼), the commission’s chief secretary.

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Official asks for probe of Control Yuan members

A former Yilan County official yesterday asked prosecutors to investigate three Control Yuan members who allegedly covered up for officials involved in the Yuanta I Pin Building (一品苑) case.

Lin Chin-kun (林錦坤), a former Yilan County Yuanshan Village (員山) representative, mailed a request to the Supreme Prosecutor’s Office Special Investigation Panel (SIP) requesting an investigation into whether Control Yuan members Ma Yi-kung (馬以工), Chen Yung-hsiang (陳永祥) and Lin Chu-liang (林鉅鋃) handled the case inappropriately.

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Newsflash

The legislature yesterday voted down a set of anti-nuclear motions proposed by the Democratic Progressive Party (DPP).

Holding just one-third of the legislative seats, the DPP failed in 11 attempts to block the use of nuclear power, despite support from anti-nuclear activists who have staged a protest outside the legislature since Sunday night.

A motion to reject the request for a supplementary NT$14 billion (US$485.74 million) in funding from state-owned Taiwan Power Co (Taipower) for continued construction work at the Fourth Nuclear Power Plant in Gongliao (貢寮) District, New Taipei City (新北市), was defeated.