国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Banking

Mainland bank sets up first representative office in Taiwan

(Xinhua)
Updated: 2010-09-25 10:24
Large Medium Small

BEIJING - Bank of Communications (BOCOM), mainland's fifth largest lender by assets, Friday announced that it had established a representative office in Taiwan, the first such office set up by a bank from the Chinese mainland.

A BOCOM spokesperson said the move would help strengthen information exchanges between financial institutions and consumers across the Taiwan Straits, pushing forward economic and financial cooperation.

The announcement came one day after the applications of BOCOM and Bank of China (BOC) to set up representative offices in Taiwan were approved by Taiwan's top financial regulator on Thursday.

The Financial Supervisory Commission (FSC) said the two banks from the Chinese mainland would be first authorized for non-profit business activities such as "liaising with banks and consumers and collecting financial market information in Taiwan" for a year before being able to apply to set up branches.

Related readings:
Mainland bank sets up first representative office in Taiwan Taiwan Strait shipping route closed?due to?typhoon
Mainland bank sets up first representative office in Taiwan Mainland, Taiwan launch first joint sea rescue drill
Mainland bank sets up first representative office in Taiwan Taiwan banks to establish branches in mainland
Mainland bank sets up first representative office in Taiwan Shaanxi province eyes $800m deals in Taiwan

In June, the Chinese mainland and Taiwan signed a landmark free trade deal, the Economic Cooperation Framework Agreement (ECFA), slashing tariffs on the island's exports and laying the foundation for banks on both sides to invest across the Straits.

Under the agreement, banks from Taiwan can apply to do RMB business on the mainland after at least two years of operation and if they show a profit in the previous year.

Banks from the Chinese mainland can establish representative offices in Taiwan and then upgrade to branches after one year.

In a sign of warming economic ties between the two sides, the Chinese mainland earlier this month approved applications by four Taiwanese banks to upgrade their mainland representative offices to branches.

The four banks are Land Bank of Taiwan, Chang Hwa Commercial Bank, First Commercial Bank and Taiwan Cooperative Bank.

林西县| 罗田县| 三原县| 黄梅县| 唐海县| 道孚县| 桦川县| 水城县| 漠河县| 南岸区| 无极县| 贵溪市| 绥阳县| 康保县| 老河口市| 高邑县| 宜春市| 万山特区| 苏州市| 麻城市| 盐源县| 宽甸| 吉水县| 萨嘎县| 柳林县| 宿迁市| 沙洋县| 稻城县| 叶城县| 逊克县| 句容市| 庐江县| 宁都县| 罗源县| 厦门市| 柘荣县| 三明市| 永康市| 鄂托克旗| 崇明县| 铁岭市|