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Taiwan’s CDIB boosts cross-strait presence, sets up RMB funds

CDIB Capital is busy setting up renminbi-denominated funds to make direct investments in China, making it the first Taiwanese firm to do so on the mainland.

Taipei-based China Development Industrial Bank (CDIB) is setting up its first cross-strait renminbi fund. This comes as its parent company, China Development Financial Holding Corporation (CDFH), becomes the first financial firm approved by the Taiwanese regulator to establish direct investment operations on the mainland.

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