Taiwan’s government-owned banks prefer to invest in the mainland without partners as joint ventures tend to create issues, Commercial Times reported Thursday, citing Finance Minister Chang Sheng-ford. These banks must establish market leadership before they go into joint ventures, Chang was quoted as saying. Among them are Mega International Commercial Bank Co. Ltd. which is considering acquiring a mainland bank, Taiwan Business Bank, First Commercial Bank Co. Ltd. and Taiwan Cooperative Bank Ltd. They are planning to establish rural banks in the mainland, the report said.
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