1 reflects the pragmatic attitude of giving priority to cross-strait exchanges in economy and politics. This also laid the foundation for future cross-strait economic cooperation agreement (ECFA) negotiations. The signing of MOU will also bring fresh investment from qualified domestic institutional investor, China to Taiwan Province stock market.
2. The signing of the Memorandum of Understanding between the two sides of the strait will be beneficial to the financial development and exchange between Chinese mainland and Taiwan Province Province, and promote the development of the two places. Since the signing of CEPA between Chinese mainland and Hongkong, China, it has set an example for promoting economic and financial cooperation and development between the two places.
More importantly, unlike Hongkong, Taiwan Province Province has a large number of high-tech manufacturing industries. The signing of the memorandum of understanding will further promote cross-strait economic and trade exchanges and direct investment through financial means.
4. Yang Yi, spokesman of the Taiwan Affairs Office of the State Council, pointed out that the signing of the Memorandum of Understanding on Cross-Strait Banking, Securities and Futures Industry and Insurance Industry indicates that cross-strait financial regulatory agencies will establish a regulatory cooperation mechanism accordingly.
5. It marks that cross-strait financial cooperation will enter a substantive stage, which is conducive to promoting the complementary advantages and common development of cross-strait financial industry and further optimizing the financing environment of Taiwan-funded enterprises in Chinese mainland, and is of great significance in the process of cross-strait financial cooperation.
face a problem
Cross-strait MOU signing, the next highlight is financial market access, cross-strait financial institutions are ready to go, and eight Taiwan-funded banks that have set up offices have taken the lead; On the mainland side, the Bank of China has repeatedly stated that it will come to power and is the most active.
Li Lihui, governor of the Bank of China, led a delegation to visit Taiwan in September, and even said in a meeting with Zhaofeng Bank: "I hope that the counterpart of RMB clearing bank is Zhaofeng." It is emphasized that we should not only open a shop in Taiwan Province, but also help Zhaofeng Bank to find a place to open a shop in every city in mainland China with the strongholds of BOC and 250,000 employees.