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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 US “kept Taiwan in mind” during US President Barack Obama’s recent meetings with Chinese President Hu Jintao (胡錦濤) and rejected any Chinese request that would have caused harm to Taiwan in negotiating the text of the two presidents’ Joint Statement, American Institute in Taiwan (AIT) Chairman Raymond Burghardt said yesterday.

Saying that China came into the negotiations on the joint statement with the intention of trying to “break new ground,” Burghardt said the US managed to make it a constructive statement “that in no way violate[d] any of Taiwan’s interests.”