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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

China yesterday fired several Dongfeng ballistic missiles as it began four days of unprecedented military drills off Taiwan proper following US House of Representatives Speaker Nancy Pelosi’s visit to Taipei the previous day.

On Tuesday, Chinese Minister of Foreign Affairs Wang Yi (王毅) said Beijing would “take all necessary measures” in retaliation should Pelosi visit Taiwan during her Asia tour.