Banking
No application for stake buy in Taiwan bank received: CBRC
(Xinhua)
Updated: 2009-10-16 13:57
China's banking regulator said Friday that media reports saying two mainland banks had been given preliminary approval to acquire a Taiwan bank stake was just rumor.
An unnamed high-ranking official with the China Banking Regulatory Commission (CBRC) said the CBRC had received no application from the mainland banks.
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The commission also denied rumors that mainland's Bank of China and Bank of Communications would open offices in Taiwan.
The official said the Chinese mainland and Taiwan were discussing a memorandum of understanding on finance supervision and management, hoping to seek an early agreement.
