BEIJING - The Chinese mainland has approved the applications of six Taiwan-based banks to open branches on the mainland, a mainland spokesman said Wednesday.) n5 q1 X7 O6 F0 A
The mainland has also given approval for four other Taiwan banks to establish representative offices on the mainland, Yang Yi, the State Council's Taiwan Affairs Office spokesman, said at a regular press conference./ ?) Y+ t# ?3 p. M# ?- A5 F
A total of 15 Taiwan securities firms have set up 29 offices on the mainland so far, he noted, adding that Taiwan investors have founded five insurance companies on the mainland.
% g) B5 b! w7 A& D( w0 e' r, ~- z4 { Financial cooperation across the Taiwan Straits has developed smoothly since the two sides signed an agreement on financial cooperation in April 2009, he said.
: E/ L( P; ]1 x. x+ u4 P( A The two sides signed a memo on the supervision on financial businesses in November 2009, he added.( K, k- J2 ^/ ^2 \1 D; t/ D
The cross-Straits Economic Cooperation Framework Agreement (ECFA) that was signed in June has also contributed to the business, he said.
0 W4 x# q0 A9 E" P+ ]5 s2 I "The mainland authorities hope to play an active role in supporting financial cooperation across the Strait," Yang said. |