The Service Exchange
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Both banks are direct another important symbol which the Three Contacts realize comprehensively are, will achieve the mutual recognition according to both sides, Taiwan will allow the mainland capital in the policy to enter the island investment for the first time, for long Taiwan to the mainland unidirectional investment’s unusual aspect official end, from now on both banks may carry on the normal direct bidirectional investment exchange. Chinese Academy of Social Sciences Taiwan Research institute Researcher Wang Jianmin said: Taiwan to the mainland opening investment, may be called in both banks economics and trade exchange for the first time the historical event, it is both banks trade relation normalization and the institution fundamentality target.
Zhang Wuyue also indicated that Taiwan will open Lu Ziru the island to establish comprehensive bidirectional interactive for both banks the trade relation to establish the institutional foundation safeguard. Two meet the leader to sign “Two sides across the Taiwan Strait Finance Cooperative agreement”, including the financial cooperation, the exchange information, the security duty, supposes the organization, the inspection way, the service exchange, the relation main body, the dispute solution mutually and so on 12 major term contents. Both banks analyst pointed out that this eliminated has restricted both banks trade operations development a chief obstacle, will enable both sides to carry out the broad direct cooperation in the financial domain, was not only helpful in the respective financial organ obtains the new market space, to realize grows strong, but also provided the convenience for the entity economy’s exchange the financial service, the bilateral overall trade relation was also closer along with it and enters a new historical stage. Taiwan finance grinds teaches courtyard Chair Xu Zhenming to point out that since long both banks finance cooperation obvious lag condition, has affected both banks investment and the trade activity depth and the efficiency greatly, from this creates the economic loss is very huge.