Wenzhou helps to share Taiwan-funded banks

Wen Shang in the capital market is always involved in the eyes of the world.　　In the case of strict policy tightening, they began to find another way out for the money. July 26, Wenzhou under the rainstorm, but this does not affect the private capital of the prosperous land of the bustling and noisy. On this day, the investment delegation of Taiwan Bank, comprising 15 Wenzhou businessmen, left Taiwan and diverted Hong Kong to the journey to the road.　　Mainland Folk capital's first foray into Taiwan's financial sector may also be a prelude.　　To Taiwan to find a way out of funds in the mission just came back on the 4th day, the reporter in the first time contacted the "leading brother"-Zhejiang times business law firm director Chishiti. On the phone, Chishiti still can not conceal the excitement: "Taiwan's banks to cooperate with the warm business is very much look forward to, very enthusiastic, we come to Taiwan, we have a scramble to contact with us, to negotiate, to disclose their situation to us, to seek cooperation." The situation seems to be better than we expected, and we have accomplished the task very smoothly.　　"What is the reason for this investment in Taiwan banking business mission?"　　Faced with a reporter's question, Chishiti first disclosed a group of data on his earlier research on the business mission.　　Chishiti in doing a lot of mergers and acquisitions after the reorganization found that, since last year, the temperature of the investment, although a succession of setbacks, but Wenzhou is still a large amount of funds, the entire Wenzhou local still have 400 billion-600 billion yuan of private capital, but where is the capital outlet? The signing of the financial cooperation Agreement between Taiwan and the Straits in April 2009 opened the curtain on the institutional cooperation between the two sides.　　On June 29 This year, the two sides signed the ECFA (Cross-strait Economic Cooperation Framework Agreement), after the signing of the ECFA entered into force less than one months, Wenzhou people once again smell the business opportunities. Vice-president of Wenzhou Guarantee Association, Longwan Guarantee Association president Zhang Fulin is the head of the business delegation, he told reporters: "This business delegation from the Wenzhou security industry, industrial investment companies, etc., after the preliminary investigation, the business delegation has locked two target banks, respectively, Taiwan's three letters bank and Volkswagen Bank." "Enjoy the Hercynian treatment" We think the banking industry is the most profitable. We counted that last year, the entire banking industry in Wenzhou made more than 12 billion yuan, and Shanghai bank last year's profit was only 3.6 billion yuan. "The interest rate on Taiwan deposits is very low, with an annual interest rate of around 1.1% and a benchmark interest rate of only 2.25%." So Taiwan is looking forward to our funding. And this idea coincides with our desire to find a way out for the Wenzhou capital, so we locate the whole idea is to transiting Taiwan Bank and then to the mainland.　　"Chishiti said. When asked about the views of Taiwan's banking industry, Chishiti first talked about investment ideas under WTO guidelines. "Taiwan's financial sector wants to enter the mainland in accordance with the rules of the WTO, this is the same as Morgan Stanley, Standard Chartered Bank, Citibank, etc. "In Chi ShiBranches, if the WTO is a ticket, then the signing of ECFA for us is to enjoy the VIP treatment!　　With the signing of the ECFA, financial services between the two sides have slowly started to flow, so that we can successfully rely on investment in Taiwan's banking industry and then transiting back to the mainland to invest in the financial industry thinking.　　According to the ECFA signed by the two sides, the eligible Taiwanese banks can set up branches in the mainland, set up a full year and profit, can apply for the mainland Taiwan-funded enterprises renminbi business.　　Also on the day of the return of Wen Shang, the Land Bank, Cooperative Vault Bank, Zhanghua Bank and First Bank of Taiwan have formally submitted their application to the relevant competent authorities in mainland China, hoping to upgrade their mainland offices to branches before the end of the year.　　Backdoor returned to the mainland to participate in the Taiwan Bank delegation as soon as they entered Taiwan, the major banks in the island competed to contact the delegation, hoping to invest in the mainland. In order to meet the requirements of the banks, 15 of the team had to be divided into two routes in order to in the shortest possible time, with more banks to engage.　　So far, the Wenzhou delegation has had a substantial contact with 3 financial holding units, two banks and one fund company in the island. Chishiti said the trip to Taiwan was confidential and rejected all media interviews. However, Taiwan's major media have been through various channels to dig the news, the next day, almost all the island's media front page is "Wenzhou gang" to the news.　　July 21, is the second day of the delegation to Taiwan, the island is unanimously optimistic with the Wenzhou capital to achieve cooperation in the public bank stock trading, and led the small and medium banks plate floating red.　　It is understood that since 1998, Taiwan's banking sector has been in a slump, the island's banks existing savings of 29 trillion billion NT dollars, and loans are only 18 trillion billion NT dollars, financial strength is very strong. Wenzhou investment in Taiwan's banks is the island's strong capital and rich financial products, of course, there is a very good financial management team. Chishiti told reporters that 15 of people in the mission, in fact, everyone behind is a team.　　Taiwan's banks are looking at the entire Wenzhou businessmen behind the delegation and the business acumen of Wenzhou people, who want to use the cooperation of the warm business to enter the mainland to invest across the strait. It is reported that the next round of talks will be held in Shanghai.