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Taiwan Government: Time Ripe For Cross-Strait Financial MOU

TAIPEI -(Dow Jones)- The time is favorable for Taiwan and China to sign an agreement allowing investment in each other's financial sectors, Financial Supervisory Commission Chairman Sean Chen said Monday.

"We are ready (from our perspective)...there are only political issues left to be ironed out," Chen said during a question-and-answer session in the legislature. He didn't elaborate.

The vice chairman of Taiwan's Mainland Affairs Council, Kao Charng, said the council is still discussing with China the timing and venue for the signing of the financial memorandum of understanding.

Kao said he hopes the MOU will be signed before the end of the year.

-By Jessie Ho and Perris Lee Choon Siong, Dow Jones Newswires; +8862-2502- 2557; jessie.ho@dowjones.com; perris.lee@dowjones.com

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  11-08-092321ET
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