Last updated at: (Beijing Time) Tuesday, March 12, 2002
PBOC Approves Two Representative Offices of Taiwan Banks
China's central bank has for the first time approved two commercial banks from Taiwan to set up representative offices in the mainland, Dai Xianglong, governor of the People's Bank of China (PBOC), said Monday.
China's central bank has for the first time approved two commercial banks from Taiwan to set up representative offices in the mainland, Dai Xianglong, governor of the People's Bank of China (PBOC), said Monday.
The United World Chinese Commercial Bank and the Chang Hwa Commercial Bank will set up their representative offices in Shanghai and Kunshan in Jiangsu Province, respectively.