BoC and Bocom set to open first mainland bank rep offices in Taiwan

Bank of China and Bank of Communications are set to make history by becoming the first mainland Chinese banks to have representative offices in Taiwan, since the island broke away from the mainland in the 1950s. To-date, seven Taiwanese banks have established representative offices on the mainland and the CBRC approved four branch licences last week

taipeiskyline

Bank of China (BoC) and Bank of Communications (Bocom) are to become the first mainland Chinese banks to set up representative offices in Taiwan, following approval by the island's banking regulator, the Financial Supervisory Commission (FSC).

"Bank of China and Bank of Communications have been approved to set up representative offices," the FSC said in a statement released late Thursday. "They will be able to establish contacts with local banks and clients, as well as collect information

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

Modernising compliance functions with regtech

Regtech addresses the complexities of regulatory requirements, offering innovative tools to modernise compliance functions, streamline processes and enhance efficiency. This article explores its role in compliance and reporting within the banking sector,…

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here