Date
23 April 2018

Taiwan banks prefer no mainland partners, paper says

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.

– Contact HKEJ [email protected]

TL/AC/RA

 

EJI Weekly Newsletter

Please click here to unsubscribe