Taiwan authorities called for to allow mainland financial institutions to open offices in Taiwan

Participants at the Cross-Straits Economic and Trade Forum on Saturday called for the Chinese mainland and Taiwan to strengthen financial cooperation and promote economic and trade development.

They also urged the Taiwan authorities to allow the financial institutions from the Chinese mainland to set up branch offices in Taiwan.

The call was made in a Joint Proposal at the two-day forum, which closed here Saturday, by the delegates from the Chinese mainland and Taiwan.

The Chinese mainland also promises to provide more convenience for the small and medium-sized enterprises from Taiwan to raise fund for operation, according to the Joint Proposals.

The financial institutions on the both sides across the Straits are encouraged to carry out discussions and research on setting up a financial supervision mechanism and on the technical preparations to do business across the Straits, say the proposals.

The financial practitioners from the Chinese mainland and Taiwan are also encouraged to conduct professional trainings and academic exchanges to share their experiences of development, say the proposals.

Besides, measures would be taken to support the Taiwan service industry to enter the Chinese mainland's market, strengthen the cross-Straits exchanges and cooperation in the fields of communication and information industries and push forward making common standards for the information industry on the both sides of the Straits, say the proposals.

The Chinese mainland would take further step to boost the economic exchanges and cooperation between the "west bank of the Straits" with Taiwan.

The Joint Proposals also press for direct flights and healthy and orderly tourism cooperation across the Taiwan Straits.

About 500 people, including the Chinese Kuomintang (KMT) Honorary Chairman Lien Chan, four vice-chairmen of the KMT, officials of the New Party and the People First Party, as well as business people, officials and scholars from both sides of the Taiwan Strait, attended the forum.

Source: Xinhua