In the past several years, Taiwan banks faced an extremely competitive environment as over 50 banks sought business from a shrinking customer base in Taiwan. Numerous Taiwanese businesses, most notably in manufacturing, relocated their operations to China for further business expansion and development.
Finally crossing the bridge
Taiwan banks have entered a new era with the amended cross-strait banking rules allowing them to set up branches in China and directly make equity investments in Chinese banks. Future prospects appear even brighter since the signing of the ECFA, as further relaxations of cross-strait restriction are expected by the Taiwanese banking community
By
clpstaff
& clp articles