China Construction Bank interested in setting up Taiwan office - report |
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Thu, 18 Oct 2007 03:14
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TAIPEI (XFN-ASIA) - China Construction Bank (CCB) (HK 939, SHA 601939) is interested in setting up a representative office in Taiwan if the island is open to the presence of a mainland bank, the Taipei-based Economic Daily News reported.Citing the bank's chairman, Guo Shuqing, the report said the bank hopes to cooperate with Taiwanese banks.CCB, one of China's leading state-owned banks, did not elaborate on the extent of the cooperation.Taiwan at present bars China banks from establishing offices in the island.'Existing regulations prohibit China banks from setting up offices in Taiwan,' said an official from the Mainland Affairs Council, which sets the island's policies toward Beijing.adela.lin@afxasia.comal/kmqxfnal/xfnkmCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Greater China economic and business calendar -- to Oct 22 