FACTBOX: Taiwan opens to Chinese tourists, investors

TAIPEI (Reuters) - Since taking office in May, the administration of Taiwan President Ma Ying-jeou has announced a steady stream of initiatives aimed at boosting the economy through closer ties with political archrival China.

Ma kicked off his string of initiatives with a landmark tourism and air agreement shortly after taking office. The following are some of the major new moves and announcements from Ma's government since May:

-- In June, Taiwan signed a landmark agreement with China to allow as many as 3,000 mainland tourists in per day. That deal, which some said could add as much as 0.8 percentage points to Taiwan's GDP, also included the launch of cross-strait charter flights every weekend.

-- In June, local media reported that Chinese banks will be allowed to buy up to 20 percent of their Taiwan counterparts under a plan being developed by Taiwan's banking regulator.

-- In July, Premier Liu Chao-shiuan said the government aimed to open the financial, economic, transport, human resources and land sectors to Chinese investors by year end.

-- In July, Taiwan's cabinet said it would allow qualified Chinese institutional investors to pump more than $1 billion into the island's stock market.

-- In August, local media reported Taiwan was considering allowing mainlanders to set up bank accounts on the island as it prepared to open its markets to Chinese institutional investors.

(Reporting by Doug Young; Editing by Alex Richardson)