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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 Li You(China Daily)2017-03-25 06:50

    Forbes Travel Guide released its annual Star Rating list in February, featuring 30 five-star winners from China. Except for two from Beijing, the majority are located in southern China, with five in Shanghai, three in Guangzhou, one in Hangzhou, eight in Hong Kong, 10 in Macao and one in Taiwan. For...

  • (chinadaily.com.cn)2017-03-23 07:31

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  • (China Daily)2017-03-17 08:13

    France Bomb explodes at Paris office of IMF A letter bomb exploded Thursday at the French office of the International Monetary Fund, lightly injuring one person, according to Paris police. Staff from the IMF office were evacuated and armed military officers and police guarded the area, in a chic dis...

  • (China Daily)2017-03-15 07:59

    Govts & policies New energy vehicles help drive profits Shares related to new energy vehicles, the IT, software and nonferrous metals sectors, were the best performers in net profit growth last year among China's listed companies. A total of 1,489 Chinese listed companies had released preliminary ea...

  • (Xinhua)2017-03-08 17:15

    FUZHOU — Fujian, a coastal province in eastern China where Chinese fleets started their first maritime expeditions 600 years ago, is pursuing a bigger role in China's foreign trade. In mid-March, a special train carrying 38 containers of liquid crystal displays, worth 31 million yuan ($4.5 million...

  • By Andrew Sheng And Xiao Geng(China Daily)2017-02-24 08:06

    As Asia has developed, it has been exporting its savings, through a trade surplus with the United States, and re-importing them, in the form of direct and portfolio investment via New York and London - a process that has created severe, though largely overlooked, financial tensions. At the end of 20...

  • By Zhang Yi(China Daily)2017-02-18 07:50

    Police in Taiwan have broken up a telecom fraud case in which a university professor on the mainland was scammed out of around 18 million yuan ($2.6 million), according to a report from China News Service. The report said Taiwan police arrested eight people who were suspected members of a fraud rin...

  • (China Daily)2017-02-16 07:13

    An employee counts yuan banknotes at a bank in Huaibei, Anhui province June 22, 2010. [Photo/Agencies]Amid all the gloom of the global economic slowdown, India has emerged as one of the few bright spots with robust growth of 7.5 percent in 2016.Yet even more notable is the explosive rise in China's ...

  • (China Daily)2017-02-06 08:06

    Beijing Authority to get toughon economic crimes The Supreme People's Procuratorate has issued a statement promising severe punishments for economic crimes that affect the interests of large numbers of people, including illegally absorbing public deposits and fundraising fraud. It also urged procura...

  • By Lin Wenjie In Hong Kong(China Daily)2017-01-13 07:56

    Although Hong Kong is well known for its simple, predictable and low tax system, multinational financial companies are still baffled by some of the local tax rules, which need to be improved to help further promote the city's position and reputation as a preferred origination and trading location fo...

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