Bank of China in Taiwan to become the first mainland bank to set up institutions
Beijing, April 27 Mar Bank of China spokesman Wang zhao wen27 Japanese media said that before the signing of the "Cross-Strait financial cooperation agreement" to allow both commercial and financial institutions in the body both sides will cross-strait financial cooperation exchanges have positive and significant impact. Bank of China is stepping up its preparations for the internal preparation work, and strive to become the first to set up branches in Taiwan, mainland banks.
April 26, the Association for Relations Across the Taiwan Strait and Taiwan's Straits Exchange Foundation signed in Nanjing "Cross-Strait financial cooperation agreement." Under the agreement, both sides agreed to by the cross-strait financial supervisory agencies to consider the principle of reciprocity, market characteristics and competition in order to promote their commercial financial institutions to each other established institutions.
"Bank of China hopes to set up branches in Taiwan as soon as possible to serve the broad masses of Taiwan people and Taiwan. At the same time, also welcomed the Bank of Taiwan with mainland China and Bank of China to do business." Wang zhao wen said.
Wang zhao wen said that over the years, Bank of China attaches great importance to the mainland and Taiwan's economic development and the resulting demand for financial services, and create a number of "firsts": the first Taiwan-funded banks and business exchanges and personnel exchanges Continental Bank, the Taiwan compatriots for the first run NT and 15 kinds of foreign exchange and seven kinds of credit card business, the first Taiwan-funded enterprises to provide foreign currency loans, trade financing, consulting and international factoring services, first indirectly through foreign institutions for cross-strait trade and non-trade settlement.
Since the 20th 100 years, since the 90's, Bank of China with 19 Taiwan-funded banks to set up the connection between the bureau for which the bureau accepted 15 borrowing bounds, with the Taiwan-funded banks in China are most nearly affiliated banks.
In carrying the development of Taiwan businessmen in mainland China, Bank of China one after another with Foxconn Technology Group, Formosa Plastics Group, Taiwan Cement, ASUS, AUO, Chi Mei Taiwan-funded enterprises and other large assemblies to set up enterprise relatives, to become the owner of its enterprise in the Mainland Bank 1. Concentrated in Taiwan, Fujian, Jiangsu, Shanghai, Bank of China with more than 80% of the foremost Taiwan-funded enterprises have established cooperative relations. As of the end of 2008, Bank of China built up Taiwan-funded enterprises to supply financing matching to roughly RMB 103.2 billion yuan, Taiwan-funded enterprises borrowing the forefront of the scale of dwelling in the mainland bank.
At present, the Bank of China on Taiwan enterprises dwelling the first mainland bank, encompassing down payments and borrowings in foreign currency for International Settlements (issuing trade, the Import and Export Trade, trade items financial invoice discounting, the affirmation of fee, trade items remittances investment, factoring financing trade investment enterprise, the assurances of non-finance, remittance, collection), foreign exchange capital procedures (that is, the long-term foreign exchange swapping, that is, the long-term foreign exchange town and sales), electrical devices banking, real-time overtake culture, the household fee and town in lieu of salaries and so on. - 18758
April 26, the Association for Relations Across the Taiwan Strait and Taiwan's Straits Exchange Foundation signed in Nanjing "Cross-Strait financial cooperation agreement." Under the agreement, both sides agreed to by the cross-strait financial supervisory agencies to consider the principle of reciprocity, market characteristics and competition in order to promote their commercial financial institutions to each other established institutions.
"Bank of China hopes to set up branches in Taiwan as soon as possible to serve the broad masses of Taiwan people and Taiwan. At the same time, also welcomed the Bank of Taiwan with mainland China and Bank of China to do business." Wang zhao wen said.
Wang zhao wen said that over the years, Bank of China attaches great importance to the mainland and Taiwan's economic development and the resulting demand for financial services, and create a number of "firsts": the first Taiwan-funded banks and business exchanges and personnel exchanges Continental Bank, the Taiwan compatriots for the first run NT and 15 kinds of foreign exchange and seven kinds of credit card business, the first Taiwan-funded enterprises to provide foreign currency loans, trade financing, consulting and international factoring services, first indirectly through foreign institutions for cross-strait trade and non-trade settlement.
Since the 20th 100 years, since the 90's, Bank of China with 19 Taiwan-funded banks to set up the connection between the bureau for which the bureau accepted 15 borrowing bounds, with the Taiwan-funded banks in China are most nearly affiliated banks.
In carrying the development of Taiwan businessmen in mainland China, Bank of China one after another with Foxconn Technology Group, Formosa Plastics Group, Taiwan Cement, ASUS, AUO, Chi Mei Taiwan-funded enterprises and other large assemblies to set up enterprise relatives, to become the owner of its enterprise in the Mainland Bank 1. Concentrated in Taiwan, Fujian, Jiangsu, Shanghai, Bank of China with more than 80% of the foremost Taiwan-funded enterprises have established cooperative relations. As of the end of 2008, Bank of China built up Taiwan-funded enterprises to supply financing matching to roughly RMB 103.2 billion yuan, Taiwan-funded enterprises borrowing the forefront of the scale of dwelling in the mainland bank.
At present, the Bank of China on Taiwan enterprises dwelling the first mainland bank, encompassing down payments and borrowings in foreign currency for International Settlements (issuing trade, the Import and Export Trade, trade items financial invoice discounting, the affirmation of fee, trade items remittances investment, factoring financing trade investment enterprise, the assurances of non-finance, remittance, collection), foreign exchange capital procedures (that is, the long-term foreign exchange swapping, that is, the long-term foreign exchange town and sales), electrical devices banking, real-time overtake culture, the household fee and town in lieu of salaries and so on. - 18758
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