Taiwan will ask for additional quotas to invest in China when the Chinese securities regulator visits here next month for the first time, Taiwan’s financial regulator said on Wednesday, as cross-strait banking ties pick up pace.
The establishment of a clearing system for Chinese yuan transactions in Taiwan has raised hopes that Taiwan will play a key role in the internationalization of the yuan, boding well for higher quotas as well as for Taiwan to join Hong Kong in becoming an off-shore yuan center.
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Faith Hung and Emily Chan, Reuters via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/V-HF6SQ_HBk/
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