Cross-Strait financial cooperation to reach the fourth pass after the through train tee

January 16, the CROSS-STRAIT Financial Regulatory Cooperation Memorandum (MOU) formally entered into force.　　Financial opening "firing a gun", cross-strait financial cooperation will enter the real stage, the island's industry is very excited and gratified. "Three links" after the "four" MoU including cross-strait Banking, securities, futures, insurance and other aspects of regulatory cooperation, the content of information exchange, information security, joint supervision, ex post liaison and exchange of visits and crisis management.　　MOU provides financial market access and preferential measures for both sides, opening the door for the long gestation of cross-strait businesses to set up branches, subscribe to shares and mergers and acquisitions.　　Island media reported that Taiwan's administrative authorities are expected to announce the fastest this week of the matching bill, once the rules of the game announced, cross-strait banks to open branches, Zikong, equity participation, etc., can officially start. The signing and entry into force of MOU also prompted the Taiwanese authorities to gradually relax their policy of investing in mainland financial institutions to Taiwan. Taiwan "Chief executive" Yih 15th night approved qdii (Mainland qualified institutional investors) investment securities management measures, the initial provisions of QDII investment in Taiwan securities funds, the upper limit of more than 500 million U.S. dollars.　　At the same time, also stressed that 500 million U.S. dollars is only the first stage of openness, the future will be gradually relaxed as the situation of the total number of industrial holdings.　　　　On the impact of MoU on the road, Yinneping, a professor of finance at the political University of Taiwan, said that MOU would bring great effects and should be seen as opening the door to financial markets and increasing the liquidity of the market. Cross-strait operators have been eager for a long time, for a variety of reasons, the two sides have not carried out large-scale direct financial cooperation, the opening of financial markets between each other is obviously lagging behind. MOU formally entered into force, the long-awaited cross-strait industry is naturally eager to itch.　　To go to the other side of the development of business has become the cross-strait financial industry, the "immediate goal." As the first mainland bank to carry out business exchanges and personnel exchanges with Taiwan-funded banks, Bank of China is aware of the business opportunities brought by MOU. Last September, BOC President Lihui visited Taiwan with a special visit to Taipei's "Jinrongjie", a Lutheran business district, to be the site for future Taiwanese branches. BOC spokesman also said that BOC set up a Taiwan branch of the application report has been prepared, pending with the MOU supporting the implementation of the relevant measures will be the first time to submit a report.　　At the same time, there are ICBC, CCB, China Merchants Bank and other mainland banks want to set up branches in Taiwan. The island's operators also want to enter the mainland market at the first time. It is reported that after the entry into force of MOU, there will be 7 Taiwanese banks which have set up representative offices in mainland China for 2 years and may upgrade their branches. The first group of Taiwanese land banks to set up offices in China said that the current branch location, staffing and so on are ready to be completed.　　and is actively planning in the first half of the operation in Xiamen, "Rich state", in the planning of enterprise development Goals also proposed, in addition to Taiwanese as the main customer base, but also actively develop other foreign capital and local customer base, deep into the mainland market. ECFA is a greater expectation for MOU's formal entry into force, the islandThe public opinion generally gives positive evaluation. MS, chairman of the Taiwan Association of Banks, said that after the MOU came into effect, it was expected to "make a big step forward" in financial market integration, talent exchange and financial supervision and cooperation.　　She said the two sides of the financial industry have the best of each other, so "both sides of the financial industry will be of great help to the cross-strait economy." Financial academics on the island believe that the MOU's entry into force has opened the door to the mainland market for Taiwanese financiers. Taiwan's financial market is small and saturated, "the opening of this door will give Taiwan's financial institutions more room for growth and will have a bigger pull on Taiwan's economy." "Of course, expect more. Taiwan's "Gold Regulatory Commission" of the main chairman of Chen said that the MOU effective only bought "tickets", but with "tickets" may not have a good "seat", so also through the Cross-strait Economic Cooperation Framework Agreement (ECFA) consultation, can strive for better market entry conditions.