Taipei, Dec. 14, 2012 (CENS)--The Financial Supervisory Commission (FSC) decreed yesterday (Dec. 13) permitting designated banking units (DBUs) to undertake renminbi-related businesses. Following the launch of cross-Taiwan Strait currency ...
Tags: Renminbi Related Businesses, currency, FSC, bank
Taipei, Dec. 12, 2012 (CENS)--People’s Bank of China announced yesterday (Dec. 11) designation of the Taipei branch of the Bank of China (BOC) as the renminbi clearance bank in Taiwan, thereby kicking off the cross-Taiwan Strait ...
Tags: Currency Clearance, currency clearance mechanism, deposit, remittance
Taipei, Nov. 19, 2012 (CENS)--The offshore banking units (OBUs) and overseas branches of domestic banks are expected to contribute over 30% of domestic banks’ profits this year, a new high in the wake of the global financial tsunami. ...
Tags: Taipei, overseas business, Taiwan business, FSC
Taipei, Oct. 30, 2012 (CENS)--With the memorandum for cooperation in cross-Taiwan Strait currency clearance having taken effect, domestic banks will be able to inaugurate renminbi-related businesses following the designation of renminbi ...
Tags: CBC, Central Bank of China, People's Bank of China, domestic banks
Starting November 1,domestic designated banking units(DBUs)will initiate renminbi-related businesses comprehensively,announced the Financial Supervisory Commission(FSC)yesterday(Sept.19). As a result,local people will be able to deposit ...
Tags: RMB business, DBUs, domestic banks, Taiwan, economic policy
Taipei,Sept.5,2012--In line with the establishment of cross-Taiwan Strait currency clearance mechanism,listed companies will be allowed to float renminbi-denominated international bonds in Taiwan,giving them an extra channel for fund ...
Tags: cross-Taiwan Strait, currency clearance mechanism, FSC
Perng Fai-nan, governor of the Central Bank of China (CBC), announced on August 31 that Taiwan and China have signed the memorandum of understanding for cross-Taiwan Strait currency clearance and will select the clearance bank in the next ...