Economy

Mainland, Taiwan negotiate on financial co-op

(Xinhua)
Updated: 2011-04-25 15:58

TAIPEI - Liu Mingkang, head of the mainland's banking regulator, and his counterpart in Taiwan Chen Yuh-Chang held their first official negotiation on Monday to set up detailed regulations for cross-Strait financial cooperation.

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It is the first time for the mainland and Taiwan to hold talks on financial cooperation after signing the Memorandum of Understanding (MOU) on Cross-Strait Banking Supervision Cooperation in 2009.