After the historical turning point in cross-strait relations in 2008, Taiwan Province Province proposed to sign the Framework Agreement on Cross-Strait Economic Cooperation.
At the end of 2008, General Secretary Hu Jintao made it clear at the symposium commemorating the 30th anniversary of the publication of the Letter to Taiwan Province Compatriots that "the two sides can sign a framework agreement on cross-strait economic cooperation".
From June 5 to February 38, 2009, the leaders of the Association for Relations Across the Taiwan Strait and the Foundation for the Exchange of Straits held their fourth meeting in Taichung City, Taiwan Province Province, and agreed to include the signing of the framework agreement on cross-strait economic cooperation in the fifth consultation between the Association for Relations Across the Taiwan Strait and the Foundation for the Exchange of Straits.
20 10 1 the first expert working consultation between the association for relations across the Taiwan straits and the straits exchange foundation, a consortium legal person, on the framework agreement on cross-strait economic cooperation was held in Beijing. The two sides of the Taiwan Strait exchanged views on the name, basic framework and the establishment of consultation mechanism of the Framework Agreement on Cross-Strait Economic Cooperation, and gained many understandings.
In the following five months from February to June in 20 10, ARATS and the cross-strait exchange foundation, a consortium legal person, held two expert work consultations in Taoyuan County, Taiwan Province Province and Beijing respectively, and gradually finalized the text composition and early harvest plan of the Framework Agreement on Cross-strait Economic Cooperation.
20 10 On June 29th, the fifth meeting between the leaders of the Association for Relations Across the Taiwan Straits and the Cross-Strait Information Exchange Foundation was held in Chongqing. Chen Yunlin, President of the Association for Relations Across the Taiwan Strait, and Jiang Bingkun, Chairman of the Foundation for Cross-Strait Exchange, a consortium, exchanged views on the signing of the framework agreement on cross-strait economic cooperation and the follow-up talks between the Association for Relations Across the Taiwan Strait and the Foundation for Cross-Strait Exchange, a consortium. Chen Yunlin, President of the Association for Relations Across the Taiwan Strait, and Jiang Bingkun, Chairman of the Foundation for Cross-Strait Exchange, a consortium, signed the Framework Agreement on Cross-Strait Economic Cooperation and the Agreement on Cross-Strait Intellectual Property Protection Cooperation respectively, and exchanged texts. The warm applause and dazzling flash once again witnessed the historic moment between the two sides of the Taiwan Strait-cross-strait economic cooperation has since opened a new chapter.
On the evening of 2010/7, the legislature of Taiwan Province province passed the Framework Agreement on Cross-Strait Economic Cooperation in the second reading.
On 201September 1 1 day, the Association for Relations Across the Taiwan Strait and the SEF completed an exchange of letters and agreed that the Framework Agreement on Cross-Strait Economic Cooperation and the Agreement on Cross-Strait Intellectual Property Protection would be implemented on September 10.
The first cross-strait securities and futures regulatory cooperation meeting was held.
201365438+1October 29th, the first meeting of the cross-strait securities and futures regulatory cooperation platform was held in Taipei. The first meeting of the cross-strait securities and futures regulatory cooperation platform was co-chaired by Guo Shuqing, Chairman of Chinese mainland Securities Regulatory Commission, and Chen, Head of Taiwan Province Financial Regulatory Agency. At the meeting, the two sides exchanged views on establishing a regular meeting mechanism and coordinating market access policies, and jointly launched a series of new measures to open or relax restrictions.
During the talks, a number of understandings were reached on the specific contents of the mainland's further opening up to Taiwan Province's capital market under the framework of ECFA, including launching a RMB Qualified Foreign Institutional Investor (RQFII) pilot in Taiwan Province, revising relevant QFII management measures, and facilitating financial institutions in Taiwan Province Province to apply for QFII qualifications.
Under the ECFA framework, the mainland allows qualified Taiwan-funded financial institutions to set up joint venture fund management companies in the mainland, and the shareholding ratio of Taiwan-funded enterprises will increase from the current maximum of 49% to over 50%. In terms of opening to securities companies in Taiwan Province Province, the mainland will allow qualified Taiwan-funded companies to set up 1 full-license securities companies in Shanghai, Shenzhen and Fujian, in which the shareholding ratio of Taiwan-funded companies can reach up to 5 1%, and mainland shareholders are not limited to securities companies. In addition, the mainland will also allow Taiwan-funded shareholders to set up 1 fully licensed securities companies in several reform pilot zones in the mainland, among which mainland shareholders are not limited to securities companies, and the proportion of Taiwan-funded shares will not exceed 49%, and the limit of 49% for single shareholders in the mainland will be abolished.
The second meeting of securities and futures supervision and cooperation was held on both sides of the Taiwan Strait.
20 14 14 on February 25th, Xiao Gang, chairman of Chinese mainland Securities Regulatory Commission, and Mr. Zeng, head of Taiwan Province financial supervision and management institution co-chaired the second cross-strait securities and futures supervision and cooperation conference in Beijing, and discussed and studied the related issues of cross-strait capital market cooperation.
The Mainland and Taiwan Province Province held the second meeting on securities and futures supervision and cooperation. The main situations are: exchanging the main information of cross-strait capital markets. Xiao Gang introduced the mainland's important measures to promote two-way opening. The mainland capital market is facing a rare historical opportunity, and the improvement of future economic quality will greatly improve the foundation and environment of the capital market.
At the same time, discuss and study related issues of cross-strait capital market cooperation. Taiwan Province Province is concerned about including Taiwan Province Stock and Futures Exchange in QDII list as soon as possible. In addition, the two sides also exchanged views on the listing of stock indexes and commodity futures. The mainland is concerned that it has made relevant preparations for the relevant issues raised by Taiwan Province Province, including the threshold for mainland securities institutions to set up representative offices in the mainland, relaxing QDII restrictions, and relaxing institutional restrictions for mainland securities and futures institutions to participate in securities and futures in Taiwan Province Province.