Free Newsletters - Space News - Defense Alert - Environment Report - Energy Monitor
. Energy News .




TRADE WARS
Taiwan, China agree to further bank investments
by Staff Writers
Taipei (AFP) April 1, 2013


Taiwan and China on Monday agreed to further ease investment caps in each other's financial institutions, in the latest sign of warming ties between the two former rivals, officials said.

Individual Chinese banks will be permitted to acquire up to 10 percent of a bank listed in Taiwan, up from five percent, according to a statement released by the island's banking regulator Financial Supervisory Commission.

Total Chinese shareholdings may go up to 15 percent after a five percent ownership cap for investors under the Qualified Domestic Institutional Investors scheme is included.

Taiwanese banks, meanwhile, will be allowed to expand their business into rural areas of the Chinese mainland, it said, without specifying when the new regulations would go into effect.

The statement described the agreement, arrived during a closed-door meeting in Taipei by officials from the commission and the Chinese Banking Regulatory Commission, as "win-win".

"This would help the operation of Taiwan banks in the mainland and facilitate investments in Taiwan by mainland banks and enterprises," the statement said.

The easing comes more than a year after Taiwan removed a prohibition put in place in 1949.

Taipei and Beijing in 2009 signed a package of agreements on better cooperation in banking, insurance and securities.

Currently six Taiwanese banks have branches in China while four others have opened up liaison offices there. Two Chinese banks have set up branches in Taipei while two others have opened up representative offices.

China still considers Taiwan part of its territory, even though the island has governed itself since 1949 at the end of a civil war.

Ties have improved since Ma Ying-jeou became Taiwan's president in 2008 on a China-friendly platform. He was re-elected in January 2012 for a second and last four-year term.

.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





TRADE WARS
Outside View: Ukrainian government tenders
Washington (UPI) Mar 28, 2013
Foreign Agent Registration Act (Department of Justice) reporting shows that authoritarian Ukrainian Presidents Leonid Kuchma and Viktor Yanukovych have poured far more millions of U.S. dollars into Washington political consultants, lobbyists and lawyers than pro-Western opposition and ruling "orange" forces. In addition to the on-going contract with Davis Manafort International since 20 ... read more


TRADE WARS
IMF calls for energy subsidy reform

EU launches debate on 2030 targets

Philippine clean energy tariffs to start next year: govt

IMF urges countries to cut energy subsidies

TRADE WARS
Hess completes sale of Caspian assets

Wastewater injection spurred biggest earthquake yet

Trojan Battery Introduces Single-Point Watering System For Its Flooded Batteries

Simulations uncover obstacle to harnessing laser-driven fusion

TRADE WARS
Using fluctuating wind power

France publishes 1GW offshore wind tenders

Davey lauds, warns Scotland on renewables

Uruguay deal boosts S. America wind power

TRADE WARS
sun2live rooftop project by The meeco Group in Lahore

New Type of Solar Structure Cools Buildings in Full Sunlight

Trees Used to Create Recyclable, Efficient Solar Cell

China warns on EU solar probe

TRADE WARS
Westinghouse Springfields Completes First French Fuel Delivery

1 dead, 3 injured in Arkansas nuclear site accident

TEPCO warns more cuts needed to stay afloat

Google reveals views of Japan's nuclear ghost town

TRADE WARS
Regulation recommendations so that biofuel plants don't become weeds

Making fuel from CO2 in the atmosphere

Peach genome offers insights into breeding strategies for biofuels crops

Microalgae could be a profitable source of biodiesel

TRADE WARS
Shenzhou 10 sent to launch site

China's Next Women Astronauts

Shenzhou 10 - Next Stop: Jiuquan

China's fourth space launch center to be in use in two years

TRADE WARS
Canada pulls out of UN drought convention

Indian stars call for dry Holi festival amid drought

Earth's Interior Cycles a Contributor to Long-Term Sea-Level and Climate Change

Dinosaur-era climate change study suggests reasons for turtle disappearance




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement