A symposium on the development of a Taiwan-funded financial enterprises cluster was held in Huaqiao, Kunshan city, Jiangsu province, on Nov 23.

Financial experts and scholars from Shanghai, Jiangsu and Taiwan talked about “how to build a Taiwan-funded financial enterprises cluster” at the symposium.

Experts and scholars gave different opinions and professional advice during the in-depth discussions. They mentioned that Kunshan had rich experience in cross-Straits industrial development and financial cooperation.

The Kunshan Experimental Zone and Shanghai Free Trade Zone were approved for establishment, providing an opportunity to strengthen and further cross-Straits financial cooperation.

The guests believed that innovation and cooperation in the financial industry would boost cross-Straits economic growth. Moreover, they hoped Kunshan would give full play to policy advantages in the experimental zone in the process of creating a Taiwan-funded financial enterprises cluster. They also hoped Kunshan could become a platform for cross-Straits financial cooperation and innovation.

Taiwan-funded enterprises have made great contributions to Kunshan’s economic growth. To date, Kunshan has attracted a total investment of over $50 billion. More than 4,000 Taiwan-funded enterprises have settled in the region.

The official approval of the Kunshan Experimental Zone by the State Council in January initiated some financial pilot projects in Kunshan.

Edited by Michael Thai