response to the influx of hot money into Asia following the rollout of the third-round quantitative easing policy(QE3)of the U.S.,the Central Bank of China(CBC)has included 20 U.S.and European investors with frequent funding movement into a ...
Tags: CBC, Speculative Foreign Funds, QE3, hot money
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.18,2012(CENS)--The Shanghai branch of the Bank of Taiwan was designated yesterday(September 17)as the clearance bank for the NT dollar in mainland China.The Shanghai branch of the Bank of Taiwan is scheduled to start NT-dollar ...
Tags: Bank of Taiwan, clearance bank for Nt dollar, agent bank
Taipei,Sept.17,2012(CENS)--In order to expand the scale of investments and credit extension by Taiwanese banks in mainland China,the Financial Supervisory Commission(FSC)plans to exclude a number of business items from the scope of the ...
Tags: Fsc, Taiwanese Banks in China, Investments and Credit Extension
Thanks to mainland China's recent relaxation of the conditions for QFIIs(qualified foreign institutional investors),some Taiwanese banks will be able to obtain QFII status for directly investing in mainland Chinese stocks or accepting the ...
Tags: Taiwanese Banks, Chinese Stocks, QFII
Taipei,Sept.7,2012--The Financial Supervisory Commission(FSC)and the China Banking Regulatory Commission(CBRC)will sign memorandum of cooperation for"offshore discretionary-account wealth-management operation,"allowing China's banking ...
Tags: FSC, CBRC, QFII, cross-Taiwan Strait, stock, investment
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 ...