Global EditionASIA 中文双语Français
Business
Home / Business / Finance

CDB to offer financing support to Taiwan businesses

Xinhua | Updated: 2019-05-14 23:43

BEIJING -- China Development Bank (CDB) will offer 60 billion yuan (8.7 billion US dollars) worth of financing support over the next four years to Taiwan-funded companies in the Chinese mainland, according to an agreement signed Tuesday.

The fund will target areas including high-quality industrial development and cooperation across the Taiwan Strait, start-up and upgrading of Taiwan enterprises and cooperation of young entrepreneurs on both sides, said the agreement between the State Council Taiwan Affairs Office and the CDB.

This is the fourth such agreement between the two since 2005. The other two agreements were signed in 2012 and 2016, respectively.

The CDB had loaned a total of 185 billion yuan to Taiwan enterprises as of the end of last year.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US