A law forbidding any firm investing in the People's Republic of China more than 40% of its total assets on the mainland was dropped in June 2008, when the new KMT government relaxed the rules to invest in Mainland China. Dialogue through semi-official organisations (the SEF and the ARATS) reopened on 12 June 2008 on the basis of the 1992 Consensus, with the first meeting held in Beijing. Taiwan hopes to become a major operations center in East Asia.