Cross-Strait financial cooperation agreement signed by the financial sector to strengthen cooperation
Beijing News April 27, leader of the Association for Relations Across the Taiwan Strait, Chen Yunlin, and Chiang Pin-kung, head individual of the Straits Exchange Foundation, held converses yesterday in Nanjing, and the marking of "Cross-Strait economic collaboration agreement."
"Agreement" embraces fiscal support, the exchange of knowledge, confidentiality obligations, the establishment of schools for instance the contents of 12 greatest items.
The two sides agreed to assist each other to fulfill the financial supervision and management responsibilities for monetary management and to strengthen the financial sector cooperation, and jointly maintain financial stability.
The two edges acquiesced to by the cross-strait economic supervision and administration of organisations, on cross-strait banking, securities and futures commerce, the protection commerce co-operation set up supervision and administration means to double-check that the establishment of organisations to competently regulate it.
The two edges acquiesced to by the befitting bureaus, for example financial banks, through an befitting kind for money exchange, provide and come back enterprise, and in money, for example anti-counterfeiting expertise collaboration, and step-by-step set up a cross-strait currency town mechanisms.
The two boundaries accepted on cross-strait fiscal schools, for instance entry to and enterprise matters. The two boundaries accepted to nurture fiscal schools to enhance support and bring ahead circumstances for enterprises of both boundaries concurrently to fortify the fiscal services.
The two boundaries accepted that after the submission into force of this Agreement, by the cross-strait fiscal supervision and organisation of schools to analyze the belief of reciprocity, market characteristics and struggle in rank to endorse their economic fiscal schools to each other established institutions. Related to each other established fiscal schools or the conditions of equity, as well as in each other's scope of performances, supervision and organisation of schools from both boundaries to be agreed.
"Agreement" since the signing of the date of their entry into force after the completion of preparations, not later than 60 days.
News Analysis Wang Institute of Taiwan Studies of Chinese Academy of Social Sciences investigator, said: "The marking of the affirmation and economic collaboration to eradicate the constraints of cross-strait financial and trade collaboration a foremost obstacle to development, will endow the mainland and Taiwan's financial and trade relatives have went into a new chronicled stage."
Taiwan Academy of Finance INSTRAW Zhen-Ming Xu sharp out that cross-strait economic collaboration has lagged considerably sway cross-strait buying into and trade undertakings in the deepness and effectiveness of the producing financial deficiency are very huge. Financial organisations as a outcome of a long time span of time the two edges can not be conveyed out to set up parts associated economic services, connected with the allowance of Taiwanese buying into limits in mainland China and Taiwan-funded enterprises or from the parent business of Taiwan-funded banks to get adequate funds. At the identical time, due to the need of data exchange means for cross-strait, the mainland banks need the essential clientele data and borrowing facts and numbers, it is hard to Taiwan-funded enterprises to supply timely and ample economic support.
At present, the mainland's Taiwan-funded enterprises in more than 90% are export-oriented little and intermediate enterprises, their financing is very tough, simultaneously with the worldwide economic urgent position, the gigantic influence that numerous Taiwan-funded enterprises a high degree of stress in the string of connections of capital, even capital several string of connections enterprises broken and can not sustain the flow and the closure of insolvency.
China People's University of Finance and Securities Research Institute, deputy chief director Zhao xi jun said: "The two boundaries resolved to launch a historic fiscal support, will sanction entry to to the complementary effect of the two boundaries and mutually beneficial win-win results."
National Development and Reform Commission Zhang Yansheng, director of the Institute of foreign economic relations said: "The strength of mainland enterprises in Taiwan's manufacturing, new energy, services and infrastructure in areas such as public investment. This will effectively make up for Taiwan investment in the relevant fields insufficient to upgrade Taiwan's industries and the international competitiveness of the industry to improve the livelihood status of the island. At the same time, funding for the mainland to provide value-added new channels of investment. - 2361
"Agreement" embraces fiscal support, the exchange of knowledge, confidentiality obligations, the establishment of schools for instance the contents of 12 greatest items.
The two sides agreed to assist each other to fulfill the financial supervision and management responsibilities for monetary management and to strengthen the financial sector cooperation, and jointly maintain financial stability.
The two edges acquiesced to by the cross-strait economic supervision and administration of organisations, on cross-strait banking, securities and futures commerce, the protection commerce co-operation set up supervision and administration means to double-check that the establishment of organisations to competently regulate it.
The two edges acquiesced to by the befitting bureaus, for example financial banks, through an befitting kind for money exchange, provide and come back enterprise, and in money, for example anti-counterfeiting expertise collaboration, and step-by-step set up a cross-strait currency town mechanisms.
The two boundaries accepted on cross-strait fiscal schools, for instance entry to and enterprise matters. The two boundaries accepted to nurture fiscal schools to enhance support and bring ahead circumstances for enterprises of both boundaries concurrently to fortify the fiscal services.
The two boundaries accepted that after the submission into force of this Agreement, by the cross-strait fiscal supervision and organisation of schools to analyze the belief of reciprocity, market characteristics and struggle in rank to endorse their economic fiscal schools to each other established institutions. Related to each other established fiscal schools or the conditions of equity, as well as in each other's scope of performances, supervision and organisation of schools from both boundaries to be agreed.
"Agreement" since the signing of the date of their entry into force after the completion of preparations, not later than 60 days.
News Analysis Wang Institute of Taiwan Studies of Chinese Academy of Social Sciences investigator, said: "The marking of the affirmation and economic collaboration to eradicate the constraints of cross-strait financial and trade collaboration a foremost obstacle to development, will endow the mainland and Taiwan's financial and trade relatives have went into a new chronicled stage."
Taiwan Academy of Finance INSTRAW Zhen-Ming Xu sharp out that cross-strait economic collaboration has lagged considerably sway cross-strait buying into and trade undertakings in the deepness and effectiveness of the producing financial deficiency are very huge. Financial organisations as a outcome of a long time span of time the two edges can not be conveyed out to set up parts associated economic services, connected with the allowance of Taiwanese buying into limits in mainland China and Taiwan-funded enterprises or from the parent business of Taiwan-funded banks to get adequate funds. At the identical time, due to the need of data exchange means for cross-strait, the mainland banks need the essential clientele data and borrowing facts and numbers, it is hard to Taiwan-funded enterprises to supply timely and ample economic support.
At present, the mainland's Taiwan-funded enterprises in more than 90% are export-oriented little and intermediate enterprises, their financing is very tough, simultaneously with the worldwide economic urgent position, the gigantic influence that numerous Taiwan-funded enterprises a high degree of stress in the string of connections of capital, even capital several string of connections enterprises broken and can not sustain the flow and the closure of insolvency.
China People's University of Finance and Securities Research Institute, deputy chief director Zhao xi jun said: "The two boundaries resolved to launch a historic fiscal support, will sanction entry to to the complementary effect of the two boundaries and mutually beneficial win-win results."
National Development and Reform Commission Zhang Yansheng, director of the Institute of foreign economic relations said: "The strength of mainland enterprises in Taiwan's manufacturing, new energy, services and infrastructure in areas such as public investment. This will effectively make up for Taiwan investment in the relevant fields insufficient to upgrade Taiwan's industries and the international competitiveness of the industry to improve the livelihood status of the island. At the same time, funding for the mainland to provide value-added new channels of investment. - 2361
posted by Marcondes Allen at 12:52 AM
0 Comments:
Post a Comment
<< Home