FSC PLANS TO RAISE FINES ON ILLEGAL CHINA INVESTMENT INTO TAIWAN|中資繞道炒股 擬修法連坐券商重罰千萬

Regulators continue to struggle with preventing illegal Chinese investment in Taiwanese stocks, as a recent probe by the Financial Supervisory Commission revealed that Chinese investors bought 95,000 shares in Tatung Company, or about 4% of the company's total, through a Hong Kong company. The investment violated the Act Governing Relations between the People of the Taiwan Area and the Mainland Area, but the Act allowed a maximum fine of only NT$600,000. The Financial Supervisory Commission is working on a proposed amendment that will raise the maximum fine to NT$10 million, which will also apply to the stockbroker. Many Chinese investors are purchasing Taiwanese stocks through Hong Kong companies to circumvent Taiwan's strict rules on Chinese investment. The Financial Supervisory Commission discovered one such investment last year, in which a Chinese investor bought nearly 4% of Tatung's shares through a Hong Kong company. However, the law allowed a maximum fine of only NT$600,000. ==HUANG KUO-CHANG New Power Party Legislator== A NT$600,000 fine, for these illegal stock market speculators or real estate developers, is only a slap on the wrist. Chinese investors may purchase Taiwanese stocks only after becoming qualified domestic institutional investors. Their investments are not allowed to exceed US$500 million, and they may not invest in certain industries such as telecommunications and defense. However, the fines are too low to deter investors and stockbrokers. The Financial Supervisory Commission proposed legal amendments last month to increase the fine for illegal Chinese investors and their brokers to NT$4-10 million. ==CHENG CHENG-MOUNT Vice Chair, Financial Supervisory Commission== Since everyone has agreed that illegal Chinese investors should be more heavily fined, I think this will be the principle we work toward. ==CHUANG TAI-PING Sec.-Gen., Taiwan Securities Association== If someone knowingly violates the law, I think a harsh penalty is reasonable. But sometimes a stockbroker, even with good know-your-customer controls, might not discover that (an investment is from China). There should be considerations for that. If the amendment passes, future illegal Chinese investors and their brokers could each be fined up to NT$10 million. Legislators say that this will be an incentive for stockbrokers to conduct thorough know-your-customer investigations into their clients. Translated by JOHN CHEN 日前金管會查到，陸資繞道香港公司，砸10億下單，一口氣買下9萬5000張大同股票，約4%股權，已違反兩岸人民關係條例規定，但依法只能開罰60萬元，這次金管會研議修法，將罰金提高到一千萬元，另外券商也要負起連帶責任，罰金最高，也是一千萬元。 大陸投資台股辦法，規定相當嚴格，不過上有政策，下有對策，大陸企業買台股，多數繞道香港公司，去年金管會就查到一起，資金來自香港公司，一口氣砸了10億元台幣下單，買下9萬5000張大同股票，約4%股權，政府依相關規定開罰，卻 只輕罰60萬元台幣． ==時代力量立委 黃國昌== 60萬元的罰則對於這一些 違法要跑來台灣炒作股票 或者是不動產的建商而言 根本就是完全無關痛癢的事情 其實陸資，並非不能投資台股，只是須符合規定，也就是要成為"合格境內機構投資者"，"QDII"資格，另外總投資金額，不得超過5億美元，更不准投資電信、國防等敏感行業。雖然限制多，但罰則輕，因此陸資罰不怕，代理的券商更是無忌憚，因此金管會在六月底，已向陸委會提出修法，只要屬非法登台買股的陸企、及共犯代理人，輕則罰400萬元，最重可罰千萬元。 ==金管會副主委 鄭貞茂== 大家如果決議要對這個 違法陸資加重處罰 我想這個可能是原則上是 往這個方向來努力吧 ==證券商公會秘書長 莊太平== 你明知仍然故犯 那當然我覺得被重罰 我覺得是無可厚非啦 譬如說我證券商 即使做了KYC(認識客戶) 可能還沒辦法查得到的 那麼這一部份 也許可能要再去另外做考量的 台資券商就是扮演代理人角色，如果修法通過，未來一旦抓到陸資炒股，最高千萬罰金將創下首例，不過，立委認為，這也能讓券商，對下單背後的客戶，進行高規格的ＫＹＣ，才不會讓陸資利用。 記者 黃立偉 張梓嘉台北報導