Nov. 14 (Bloomberg) -- 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 Bloomberg News staff for this story: Janet Ong in Taipei at firstname.lastname@example.org
To contact the editor responsible for this story: Joshua Fellman at email@example.com