Tuesday, December 27, 2011

banking regulators on both sides should join hands in concentric

129667889668896642_167Banking regulators recommended on both sides to jointly maintain cross-strait financial market stability, and development of banking regulatory agencies on the Mainland and Taiwan financial supervisory agency 22-23 in Beijing to hold consultations. This is by banking regulators in the supervision mechanisms of cooperation between the two sides held a second consultation, marks the cross-strait cooperation and an important step forward for banking regulation,Prudent management of the banking industry on both sides and the stability of the banking system to create a good environment.   Main capital stocks (eleven-twenty fifths) unit fled to cut meat must regret having sudden boom is not likely in a move investors Gospel: hold stocks saved! Banking regulators on both sides since its first consultation, held in April this year, constantly strengthen the exchange of experience and information sharing, Promoting positive interaction between the development of the financial ties between the two sides.  Recently the old republic power leveling, the Mainland side approved yongfeng commercial bank swtor power leveling, Taiwan Industrial Bank, Taipei Fubon Commercial Bank, 3 Taiwanese banks set up representative offices in mainland has approved, MEGA International Commercial Bank of China Trust commercial bank 2 Taiwanese banks on the Mainland to build branches. During the consultations, the two sides focused on the further perfection of twoBank banking supervision cooperation mechanisms, promoting open exchanged views on issues such as banking. Both sides suggested that face a complex and ever-changing global financial environment, banking regulators on both sides should join hands in concentric, step up exchanges and cooperation and jointly safeguard financial market stability, and development across the Strait, promote the sound operation of banking. Both sides agreed that banking supervision cooperation mechanism between the two sides since its establishment,Banking regulators on both sides conducted extensive and in-depth exchanges and consultations had produced positive and effective results.  The next stage, both parties can sum up consultation experience, further improve regulatory cooperation mechanisms. Banking regulators on both sides also update on macroeconomic and financial developments across the Strait, and further promote cross-strait interaction, improving the financing and banking institutions to strengthen consumerProtection issues such as Exchange.

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