Mainland to offer $95b loans to Taiwan businesses

XIAMEN - Four banking institutions from the Chinese mainland will offer a credit ceiling of 600 billion yuan (about $95 billion) to the Taiwan-invested businesses in the mainland, an official said Sunday.

The Industrial and Commercial Bank of China, Bank of China, China Construction Bank and China Development Bank will provide the loans in the next three or four years to the Taiwan people-invested businesses operating in the mainland, said Wang Yi, director of the State Council's Taiwan Affairs Office.

The mainland will also open the door to import rice from Taiwan, Wang said at the ongoing fourth Straits Forum in China's eastern coastal city of Xiamen.