Want China Times
Taiwan and China reached consensus on three matters at an annual meeting of a cross-
strait banking supervision cooperation platform in central Taiwan’s Nantou county last week, including Beijing’s agreement to open its doors more widely to Taiwanese banks to open more than one branch in one Chinese province.
The two sides also agreed to encourage and support cross-strait financial business to forge equity partnerships and to support and assist Taiwanese banks in opening branches in China’s free trade zones.
It was the fifth meeting of the platform since the initial meeting in 2011 and talks went smoothly at this year’s conference.
The major cooperation proposals agreed on during the third meeting of the platform in 2013 were included in the trade-in-services agreement signed by Taiwan and China in June of that year, but the agreement has not been ratified after the student-led Sunflower Movement galvanized popular opposition to the pact last year. [FULL STORY]