Capital flowing from the Chinese mainland into Taiwan increased by 650.11 percent in 2012 to reach $328 million, according to statistics released by Taiwan's economic authorities on January 21.

A total of 138 projects funded by mainland capital were approved by the island's economic authorities in 2012, an increase of 35.29 percent.

Major projects funded by mainland capital included the establishment of Bank of China and Bank of Communications branches in Taiwan.

Since mainland capital was allowed to enter the island on June 30, 2009, 342 investment projects have been approved, the authorities said.