Solar Energy News  
POLITICAL ECONOMY
China could loosen Taiwan banking restrictions: report

by Staff Writers
Taipei (AFP) April 24, 2011
China could allow its banks to widen access to Taiwanese lenders and remove current restrictions on branches opened on the mainland, Beijing's banking regulation chief told local media on Sunday.

Liu Mingkang, chairman of the China Banking Regulatory Commission, extended the olive branch upon his arrival Saturday, according to the Taipei-based Commercial Times.

Liu and his Taiwanese counterpart Chen Yu-chang will hold talks in Taipei Monday in the first meeting since Taipei and Beijing set up a banking supervisory cooperation platform in January.

According to Liu, under the pending new measures, Taiwanese lenders will be allowed to start doing renminbi business once they have opened branches on the mainland, the Times said.

Existing measures require Taiwan lenders to open branches for a minimum of a year and become profitable before they are permitted to do renminbi business.

Taiwan and its giant neighbour in 2009 signed a package of agreements on better cooperation in banking, insurance and securities, which went into effect in January last year.

The agreements are eventually expected to make it easier for Taiwanese and Chinese banks to buy each other's assets and to make it possible for Chinese investors to buy shares on the Taiwanese stock market.

Six Taiwanese banks have set up branches in China and two others have opened up liaison offices there while four Chinese lenders have liaison offices in Taiwan.

China still considers Taiwan part of its territory, even though the island has governed itself since 1949 at the end of a civil war.

Ties between the two sides have improved markedly since Ma Ying-jeou of the China-friendly Kuomintang party came to power in 2008.



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
The Economy



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


POLITICAL ECONOMY
Eurozone may see more bailouts
Washington (UPI) Apr 21, 2011
Debt-ridden European nations such as Greece will likely need further access to bailout funds as European officials maintain that default is a non-starter. "Restructuring the debt is not an option that is on the table," Joao Vale de Almeida, the European Union's ambassador to the United States said Thursday in Washington. "We have a framework to get through this crisis." The borro ... read more







POLITICAL ECONOMY
Learn To Run A Biorefinery In A Virtual Control Room

Sugarcane Cools Climate

B3C Fuel Solutions Expands Efforts To Promote Ethanol Education

Congress Must Maintain Commitment To Advanced Biofuels And Renewable Fuel Standard

POLITICAL ECONOMY
iRobot Delivers More Small Unmanned Ground Vehicles

Blood Simple Circuitry For Cyborgs

US lawmakers eye plan to compete with Asia on robotics

Future Engineers Unite At Robotics Competition

POLITICAL ECONOMY
Google, Japanese invest $500 million in wind farm

Manitoba wind farm comes online

Alstom Announces Commercial Operation Of First North American Wind Farms

Vestas unveils new offshore turbine

POLITICAL ECONOMY
Luxury carmakers see golden age in China

In China, success is a black Audi A6

Toyota says production back to normal by year-end

Honda Japan production dives 62.9% in March

POLITICAL ECONOMY
New battery produces electricity where freshwater meets saltwater

US Coast Guard slams Transocean in oil spill investigation

Using the energy in oil shale without releasing carbon dioxide in a greenhouse world

US gas well contained, but concerns rise on 'fracking'

POLITICAL ECONOMY
Climate Change From Black Carbon Depends On Altitude

New Fracture Resistance Mechanisms Provided By Graphene

German cabinet approves CO2 storage bill

Europe pushes plans to hike diesel, coal taxation

POLITICAL ECONOMY
NASA Releases Scorecard On Energy And Sustainability Goals

Coal miners cold on Australia carbon tax

Nonprofits Awarded For Energy Efficiency And Water Conservation

Ride-Sharing For Road Freight

POLITICAL ECONOMY
Greenhouse Gases From Forest Soils

Indonesia's carbon-rich wetlands essential

NGO sues to save forest for Paraguay natives

Low Fertilizer Use Drives Deforestation In West Africa


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement