Presseabteilung Taipeh Vertretung - Taiwan and acreage China ink banking abstracts of understanding

The Financial Supervisory Commission (FSC) appear November 16 that it had active three abstracts of compassionate (MOUs) with acreage China. These MOUs will acquiesce for afterpiece cooperation on administration of the banking, insurance, and balance and futures sectors. FSC Chairman Sean Chen active the agreements with the active of the China Banking Regulatory Commission, the China Insurance Regulatory Commission and the China Securities Regulatory Commission, appointment the texts via certificate exchange. The MOUs will crop aftereffect 60 canicule from their signing date or above-mentioned to this if both abandon accept completed accordant preparations. In band with accepted accurate procedure, the FSC will abide the pacts to the Executive Yuan.

Speaking to apropos on the allotment of calm banking organizations about establishing branches in acreage China, the FSC appear that calm firms will be acceptable to abide applications to set up branches as anon as the MOUs become effective. The agreements will accredit the agency to conduct able administration of mainland-based branches of calm banking institutions.

Chairman Chen aswell acicular out that calm banks currently active adumbrative offices in the acreage will be able to administer to catechumen them into branches. During talks on an bread-and-butter cooperation framework agreement, Taiwan will aswell accommodate for the a lot of favorable bazaar acceptance agreement for banking institutions to accomplish in acreage China. Another aftereffect of the MOUs will be to admittance acreage China’s able calm institutional investors (QDII) to advance in Taiwan’s banal markets. This will be a change from the present bearings area they may advance alone in government and accumulated bonds. Statistics appearance that the QDII currently accept NT$370 billion (US$11.46 billion) in assets. Investment of 10 percent of this aggregate will accompany NT$37 billion (US$1.15 billion) to Taiwan’s banal markets.

Press Release, Government Information Office of Taiwan, 26. November 2009

Die Presseabteilung der Taipeh Vertretung mit Sitz in Berlin bietet folgende Dienstleistungen an: Erläuterung der Politik und der Entwicklung der Republik China (Taiwan), Verbreitung von Stellungnahmen und Pressemitteilungen von taiwanischer Seite sowie Beantwortung von Fragen über das Land;
Angebot von Informationsmaterial über Taiwan in deutscher, englischer, und chinesischer Sprache (Broschüren, Filme, Videos, DVDs, Diafilme, CDs);
Anlaufstelle für deutsche Medienvertreter, Angebot von Informationsreisen nach Taiwan für deutsche Journalisten;
Organisation von Veranstaltungen mit dem Ziel, Kontakte zwischen Deutschland und Taiwan zu vertiefen (Vorträge, Seminare, Ausstellungen, Filmfestivals etc.);
Sonstige Öffentlichkeitsarbeit

Presseabteilung Taipeh Vertretung
Markgrafenstr. 35, 10117 Berlin