China and Taiwan to cooperate on financial supervision

Apr 26, 2009

The countries agree to build a RMB-NTD clearing system, while specific MOUs for securities investments, banking and insurance will be discussed in Taipei later this year.

In the third meeting between Chen Yulin, chairman of China's Association for Relations Across the Taiwan Strait, and Chiang Pin-kung, president of Taiwan's Straits Exchange Foundation, which took place in Nanjing on Sunday, representatives of the two parties signed an agreement to cooperate on financial supervisory matters.

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