City helps Taiwan firms get access to funds

SHANGHAI: A credit system will be set up in Shanghai to help Taiwan businesses with financing.

"The system will be jointly established by the office, financial institutions and local government, providing credit reports for Taiwan companies in case they need a loan," said Yang Jianrong, director of the city's Taiwanese affairs office.

According to Yang, most of the 4,000 Taiwanese companies in Shanghai are operating normally despite the worsening global financial crisis.