Monday, November 10, 2014
Bank of China Promotes Cross-Strait RMB Convection
ANBOUND
Cross-border Renminbi business in Taiwan has achieved great progress this year. Recently, head office of Bank of China will increase lending quota of Taiwanese banks' branches in the mainland to further promote cross-strait RMB convection. ANBOUND think tank scholars believe that with further deepening of cross-strait economic and trade relations, the mainland’s economic and financial opening up policies towards Taiwan can actually beat those of common foreign-funded organizations. This will contribute to the forming of RMB convection mechanism and help to promote RMB internationalization as well as cross-strait relationship.