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Fujian bank to become first to enter Taiwan market

By Xin Zhiming | 皇冠体育app Daily | Updated: 2009-03-09 07:39

A Fujian-based commercial bank will become one of the first mainland banks to open in Taiwan, a local Taiwan affairs office official said.

"A local shareholding commercial bank will be allowed to open branches in Taiwan," Fujian province's Taiwan affairs office director Deng Benyuan told 皇冠体育app Daily on Saturday.

But he did not name the bank or provide a timetable for the ice-breaking step in cross-Straits financial cooperation.

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