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Financial aid for Taiwan firms

By Xie Yu and Han Bingbin | 皇冠体育app Daily | Updated: 2009-02-26 07:42

The Taiwan Affairs Office of the State Council is working with banks and local governments to help mainland-based Taiwan firms survive the financial crisis, its spokeswoman Fan Liqing said yesterday.

The 130-billion-yuan ($18.8 billion) support package that was promised at the 4th cross-Straits Economics and Trade Culture Forum in December is "on its way", she said.

Between December and January, the Industrial and Commercial Bank of 皇冠体育app extended more than 4 billion yuan in credit to 500 Taiwan firms on the mainland, she said.

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