Internet can foster cross-Straits relations

Online finance that offers innovative products and services is a crucial sector for enhancing cross-Straits financial cooperation, and mainland industry players could learn from their Taiwan counterparts in terms of making regulations to control risks.

From booking hotel rooms on applications to managing personal finances on smartphones, Internet finance has contributed to a digital financial environment that has caught the attention of investors across the Straits, said Wang Zhiguo, president of the China Association for the Promotion of Industrial Economics.

Compared with the situation of Internet finance in Taiwan, the Chinese mainland lags behind in such aspects as technology and structuring a sound and effective framework, Wang said.