Taiwan is set to ease restrictions on local banks investing in China in a bid to boost their competitiveness on the mainland, the government said Friday.
The cabinet amended a law on cross-strait banking this week to remove a rule barring local banks and financial holding companies from investing in more than one Chinese financial institution, said the Financial Supervisory Commission.
Taiwan is set to ease restrictions on local banks investing in China in a bid to boost their competitiveness on the mainland, the government said Friday.
ReplyDeleteThe cabinet amended a law on cross-strait banking this week to remove a rule barring local banks and financial holding companies from investing in more than one Chinese financial institution, said the Financial Supervisory Commission.