TAIWAN DAYBOOK: KMT’s Lien Chan Sees Political Reform in China

Lien Chan, the honorary chairman of Taiwan’s ruling Kuomintang Party, said he believes China’s leaders are considering some degree of political reform “in the coming decade.” Lien, who met with Chinese President Hu Jintao on Friday at the Asia-Pacific Economic Cooperation forum in Honolulu, spoke to Bloomberg in an interview.


WHAT TO WATCH:
* Taiwan President Ma Ying-jeou’s lead against opposition
Democratic Progressive Party candidate Tsai Ing-wen has narrowed
to one percentage point, the Taipei-based TVBS Poll Center. Ma
leads with 39 percent to Tsai’s 38 percent, compared
with 38 percent versus 35 percent a week earlier
* Taiwan’s dollar on Friday strengthened 0.3 percent to
NT$30.188 its U.S. counterpart; and had a second weekly decline,
according to Taipei Forex Inc.
* The yield on the 2 percent bonds due July 2016, the most-
traded government securities, was little changed at 1.028
percent
* The benchmark Taiex index rose 0.8 percent to 7,367.29 on
Friday and declined 3.1 percent for the week, the worst since
the week ended Sept. 24
* Overseas investors were net sellers of Taiwan’s stocks; net
sales of NT$5.1 billion
* Taiwan central bank issued NT$166.5 billion in certificates of
deposit of Friday, less than the NT$169.45 billion that matured


EQUITY MOVERS:
* China Steel (2002 TT) may cut January and February prices for
domestic customers, the Commercial Times reported, without
saying where it got the information
* Intel (INTC US) signed an agreement to buy Insyde Software’s
(6231 TT) convertible bonds in a private placement
* HTM (4924 TT) plans to sell NT$200 million of three-year
convertible bonds to repay bank loans and buy equipment
* Powerchip Technology (5346 TT) is seeking an additional one-
year extension to repay NT$46.9 billion of bank borrowings, the
Economic Daily News reported, without saying where it got the
information


GOVERNMENT:
* Taiwan’s July approved foreign exchange business, 4.20 p.m.


BTV HIGHLIGHTS (All Hong Kong time):
09:40   Andrew Economos, JPMorgan Head of Sovereign &
Institutional Strategy for Asia
10:10   Jamie Allen, Asian Corporate Governance Association,
Secretary General
10:30   Ronald Arculli, HKEx Chairman
10:40   Ting Lu, BAML, Senior China Economist
11:10   Bob Morse, Primus, MD, Chairman, Co-CEO

To contact the editor responsible for this story: Joshua Fellman at jfellman@bloomberg.net

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