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Taiwan banks
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Taiwan and the Chinese mainland have signed a direct currency clearing memorandum, under which Taiwan banks can start yuan transactions via correspondent banks as long as the island's local authorities approve. Ten Taiwan banks, including Bank of Taiwan, Taiwan Cooperative Bank, and Chinatrust Commercial Bank, have been allowed to establish branches on the Chinese mainland.
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  • By Oswald Chan In Hong Kong(China Daily)2017-08-04 06:16

    Pertinent issues of talent shortage, funding resources and regulatory overhaul should be urgently addressed for Hong Kong to catch up in the financial technology (fintech) revolution, according to industry practitioners. The situation has also been compounded by the fact that the city is estimated t...

  • By Wang Xin(China Daily)2017-07-14 09:21

    Sporting spirit has been deeply embedded in the Bank of China's corporate values, said Huang Danggui, general manager of the company's corporate banking department. Since its founding in 1912, BOC has highly valued the health of its staff. There are photos showing that there were tennis and basket c...

  • By Lin Wenjie In Hong Kong(China Daily)2017-07-07 05:50

    It's been almost a year since Winnie Wong Chi-shun became chief executive officer of Asia Insurance Ltd, bringing to it a wealth of experience from other insurance enterprises she had headed in the past. Before joining the company last year, she was CEO at insurance giant Aon Risk Solutions Hong Kon...

  • By Zhuan Ti(China Daily)2017-07-06 07:19

    Serving as a platform for cultural communication and cooperation in the film industry, the second BRICS Film Festival was held recently in Chengdu, Sichuan province, giving the public insight into diverse film cultures as well as the daily life and social development of BRICS countries, experts said...

  • By Zhang Yi(China Daily)2017-07-04 07:26

    A growing number of the island's residents ar relocating, lured by new policies, financial incentives and a wider range of opportunities, as Zhang Yi reports. 'Since I opened my first store in Sichuan province in December, the mainland's business potential has exceeded my expectations. I now have fo...

  • (China Daily)2017-07-03 08:17

    The past week was nothing but eventful considering the relative peace China-US relations have enjoyed since Chinese President Xi Jinping and his US counterpart Donald Trump struck a constructive note for bilateral ties when they met in Mar-a-Lago, Florida, in April.Over the past few days, Washington...

  • (China Daily)2017-06-29 07:27

    Over the past two decades, the SAR emerged stronger out of the challenges of the Asian and global financial crises and the SARS outbreak HONG KONG - In a 1995 cover story, prior to Hong Kong's return to China in 1997, Fortune magazine, among a lot of similar hullabaloo, predicted that the handover w...

  • (China Daily)2017-06-27 07:58

    Govt and policies Express delivery spending up in 2016 Chinese customers spent more on express delivery services last year, while average delivery costs continued to decline, according to an industry report. Average spending in China on express delivery stood at 287 yuan ($42) last year, up 42.7 per...

  • By Chen Weihua(China Daily)2017-06-23 09:41

    Harvard University professor Graham Allison had a question for me when I chatted with him last week about his new book: Destined for War: Can America and China Escape Thucydides's Trap? He found that some Chinese are uncomfortable with the word "inevitable" in his description of the Thucydides's Tra...

  • (China Daily)2017-06-14 07:31

    Events and stories coming up in the next few days BRICS Sherpas to meet ahead of Xiamen summit China, which holds the BRICS presidency this year, will host the second BRICS Sherpa meeting in Qingdao, Shandong province, on Wednesday and Thursday. The meeting will be chaired by Vice-Foreign Minister L...

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