Cross-Strait economic collaboration affirmation marked by the economic part to reinforce collaboration
Beijing News April 27, president of the Association for Relations Across the Taiwan Strait, Chen Yunlin, and Chiang Pin-kung, chairman of the Straits Exchange Foundation, held talks yesterday in Nanjing, and the signing of "Cross-Strait financial cooperation agreement."
"Agreement" encompasses economic collaboration, the exchange of data, confidentiality obligations, the establishment of organisations for example the contents of 12 foremost items.
The two sides agreed to assist each other to fulfill the financial supervision and management responsibilities for monetary management and to strengthen the financial sector cooperation, and jointly maintain financial stability.
The two boundaries accepted to by the cross-strait fiscal supervision and organisation of schools, on cross-strait banking, securities and futures development, the indemnity development co-operation set up supervision and organisation method to assure that the establishment of schools to effectually regulate it.
The two boundaries accepted to by the advantageous instrumentalities, for instance economic banks, through an advantageous fashion for currency exchange, deliver and revisit enterprise, and in currency, for instance anti-counterfeiting technical knowledge support, and slowly initiate a cross-strait currency community mechanisms.
The two edges acquiesced on cross-strait economic organisations, for example get access to and enterprise matters. The two edges acquiesced to boost economic organisations to enhance collaboration and conceive situation for enterprises of both edges simultaneously to reinforce the economic services.
The two edges acquiesced that after the application into force of this Agreement, by the cross-strait economic supervision and administration of organisations to address the standard of reciprocity, market characteristics and affray in alignment to encourage their financial economic organisations to each other established institutions. Related to each other established economic organisations or the requirements of equity, as well as in each other's scope of procedures, supervision and administration of organisations from both edges to be agreed.
"Agreement" since the signing of the date of their entry into force after the completion of preparations, not later than 60 days.
News Analysis Wang Institute of Taiwan Studies of Chinese Academy of Social Sciences researcher, said: "The signing of the agreement and financial cooperation to eliminate the constraints of cross-strait economic and trade cooperation a major obstacle to development, will enable the mainland and Taiwan's economic and trade relations have entered a new historical stage."
Taiwan Academy of Finance INSTRAW Zhen-Ming Xu incisive out that cross-strait fiscal support has lagged notably act on cross-strait financial endeavour and trade pursuits in the extent down and competence of the effecting monetary deficits are very huge. Financial schools as a effect of a long interval of time the two boundaries can not be brought out to initiate parts connected fiscal services, joined concurrently with the allotment of Taiwanese financial endeavour boundaries in mainland China and Taiwan-funded enterprises or from the parent financial gathering of Taiwan-funded banks to receive enough funds. At the matching time, due to the deficiency of knowledge exchange methods for cross-strait, the mainland banks deficiency the needed buyer knowledge and loan written knowledge, it is hard to Taiwan-funded enterprises to give timely and enough fiscal support.
At present, the mainland's Taiwan-funded enterprises in more than 90% are export-oriented small and medium enterprises, their financing is very difficult, together with the international financial crisis, the huge impact that many Taiwan-funded enterprises a high degree of tension in the chain of funds, even funds a number of chain enterprises broken and can not maintain the flow and the closure of insolvency.
China People's University of Finance and Securities Research Institute, deputy director Zhao xi jun said: "The two sides decided to launch a historic financial cooperation, will allow access to the complementary effect of the two sides and mutually beneficial win-win results."
National Development and Reform Commission Zhang Yansheng, director of the Institute of foreign economic relations said: "The strength of mainland enterprises in Taiwan's manufacturing, new energy, services and infrastructure in areas such as public investment. This will effectively make up for Taiwan investment in the relevant fields insufficient to upgrade Taiwan's industries and the international competitiveness of the industry to improve the livelihood status of the island. At the same time, funding for the mainland to provide value-added new channels of investment. - 18762
"Agreement" encompasses economic collaboration, the exchange of data, confidentiality obligations, the establishment of organisations for example the contents of 12 foremost items.
The two sides agreed to assist each other to fulfill the financial supervision and management responsibilities for monetary management and to strengthen the financial sector cooperation, and jointly maintain financial stability.
The two boundaries accepted to by the cross-strait fiscal supervision and organisation of schools, on cross-strait banking, securities and futures development, the indemnity development co-operation set up supervision and organisation method to assure that the establishment of schools to effectually regulate it.
The two boundaries accepted to by the advantageous instrumentalities, for instance economic banks, through an advantageous fashion for currency exchange, deliver and revisit enterprise, and in currency, for instance anti-counterfeiting technical knowledge support, and slowly initiate a cross-strait currency community mechanisms.
The two edges acquiesced on cross-strait economic organisations, for example get access to and enterprise matters. The two edges acquiesced to boost economic organisations to enhance collaboration and conceive situation for enterprises of both edges simultaneously to reinforce the economic services.
The two edges acquiesced that after the application into force of this Agreement, by the cross-strait economic supervision and administration of organisations to address the standard of reciprocity, market characteristics and affray in alignment to encourage their financial economic organisations to each other established institutions. Related to each other established economic organisations or the requirements of equity, as well as in each other's scope of procedures, supervision and administration of organisations from both edges to be agreed.
"Agreement" since the signing of the date of their entry into force after the completion of preparations, not later than 60 days.
News Analysis Wang Institute of Taiwan Studies of Chinese Academy of Social Sciences researcher, said: "The signing of the agreement and financial cooperation to eliminate the constraints of cross-strait economic and trade cooperation a major obstacle to development, will enable the mainland and Taiwan's economic and trade relations have entered a new historical stage."
Taiwan Academy of Finance INSTRAW Zhen-Ming Xu incisive out that cross-strait fiscal support has lagged notably act on cross-strait financial endeavour and trade pursuits in the extent down and competence of the effecting monetary deficits are very huge. Financial schools as a effect of a long interval of time the two boundaries can not be brought out to initiate parts connected fiscal services, joined concurrently with the allotment of Taiwanese financial endeavour boundaries in mainland China and Taiwan-funded enterprises or from the parent financial gathering of Taiwan-funded banks to receive enough funds. At the matching time, due to the deficiency of knowledge exchange methods for cross-strait, the mainland banks deficiency the needed buyer knowledge and loan written knowledge, it is hard to Taiwan-funded enterprises to give timely and enough fiscal support.
At present, the mainland's Taiwan-funded enterprises in more than 90% are export-oriented small and medium enterprises, their financing is very difficult, together with the international financial crisis, the huge impact that many Taiwan-funded enterprises a high degree of tension in the chain of funds, even funds a number of chain enterprises broken and can not maintain the flow and the closure of insolvency.
China People's University of Finance and Securities Research Institute, deputy director Zhao xi jun said: "The two sides decided to launch a historic financial cooperation, will allow access to the complementary effect of the two sides and mutually beneficial win-win results."
National Development and Reform Commission Zhang Yansheng, director of the Institute of foreign economic relations said: "The strength of mainland enterprises in Taiwan's manufacturing, new energy, services and infrastructure in areas such as public investment. This will effectively make up for Taiwan investment in the relevant fields insufficient to upgrade Taiwan's industries and the international competitiveness of the industry to improve the livelihood status of the island. At the same time, funding for the mainland to provide value-added new channels of investment. - 18762
posted by X - Men at
12:52 AM
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