Taiwan will allow some mainland Chinese firms to issue renminbi-denominated bonds on the island, Bloomberg News reported Wednesday, citing a statement from Taiwan’s Financial Supervisory Commission. The regulator will allow selected Chinese firms to sell the bonds to institutional investors, it said. Chinese policy banks, state-owned commercial lenders and shareholding commercial banks are among companies permitted to sell yuan debt in the island. Yuan deposits at Taiwanese banks totaled 123 billion yuan (US$20 billion) as of end-October, according to the report.
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