Bank of China in Taiwan to become the first mainland bank to set up organisations
Beijing, April 27 Mar Bank of China representative Wang zhao wen27 Japanese newspapers said that before the marking of the "Cross-Strait economic collaboration agreement" to permit both financial and economic organisations in the body both edges will cross-strait economic collaboration swaps have affirmative and important impact. Bank of China is pacing up its groundworks for the interior groundwork work, and strive to become the first to set up parts 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 large significance to the mainland and Taiwan's financial development and the producing demand for economic services, and conceive several "firsts": the first Taiwan-funded banks and enterprise swaps and staff swaps Continental Bank, the Taiwan compatriots for the first run NT and 15 types of foreign exchange and seven types of borrowing business card enterprise, the first Taiwan-funded enterprises to supply foreign currency borrowings, trade financing, conferring and worldwide factoring services, first obscurely through foreign organisations for cross-strait trade and non-trade settlement.
Since the 20th one 100, since the 90's, Bank of China with 19 Taiwan-funded banks to initiate the bond between the instrumentality for which the instrumentality commended 15 loan extents, with the Taiwan-funded banks in China are most intimately linked banks.
In supporting 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 groups to establish business relations, to become the host of its business in the Mainland Bank 1. Concentrated in Taiwan, Fujian, Jiangsu, Shanghai, Bank of China with more than 80% of the major Taiwan-funded enterprises have established cooperative relations. As of the end of 2008, Bank of China accumulated Taiwan-funded enterprises to provide financing equivalent to approximately RMB 103.2 billion yuan, Taiwan-funded enterprises credit the forefront of the scale of living in the mainland bank.
At present, the Bank of China on Taiwan businesses home the first mainland bank, including deposits and loans in foreign currency for International Settlements (issuing import, the Import and Export Trade, export commercial invoice discounting, the agreement of payment, export remittances finance, factoring financing trade finance business, the guarantees of non-finance, remittance, collection), foreign exchange capital operations (that is, the long-term foreign exchange trading, that is, the long-term foreign exchange settlement and sales), electronic banking, real-time pass customs, the domestic payment and settlement in lieu of wages and so on. - 18762
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 large significance to the mainland and Taiwan's financial development and the producing demand for economic services, and conceive several "firsts": the first Taiwan-funded banks and enterprise swaps and staff swaps Continental Bank, the Taiwan compatriots for the first run NT and 15 types of foreign exchange and seven types of borrowing business card enterprise, the first Taiwan-funded enterprises to supply foreign currency borrowings, trade financing, conferring and worldwide factoring services, first obscurely through foreign organisations for cross-strait trade and non-trade settlement.
Since the 20th one 100, since the 90's, Bank of China with 19 Taiwan-funded banks to initiate the bond between the instrumentality for which the instrumentality commended 15 loan extents, with the Taiwan-funded banks in China are most intimately linked banks.
In supporting 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 groups to establish business relations, to become the host of its business in the Mainland Bank 1. Concentrated in Taiwan, Fujian, Jiangsu, Shanghai, Bank of China with more than 80% of the major Taiwan-funded enterprises have established cooperative relations. As of the end of 2008, Bank of China accumulated Taiwan-funded enterprises to provide financing equivalent to approximately RMB 103.2 billion yuan, Taiwan-funded enterprises credit the forefront of the scale of living in the mainland bank.
At present, the Bank of China on Taiwan businesses home the first mainland bank, including deposits and loans in foreign currency for International Settlements (issuing import, the Import and Export Trade, export commercial invoice discounting, the agreement of payment, export remittances finance, factoring financing trade finance business, the guarantees of non-finance, remittance, collection), foreign exchange capital operations (that is, the long-term foreign exchange trading, that is, the long-term foreign exchange settlement and sales), electronic banking, real-time pass customs, the domestic payment and settlement in lieu of wages and so on. - 18762
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