Bank of China Steps Up Loan Support to Taiwan Companies-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • NPI
  • Zinc
  • Production data
  • Market commentary
  • Macroeconomics
  • Morning comments
  • Aluminium
  • Copper
  • Stainless steel
  • Mengtai Group
  • hydrogen stations
  • Nickel
  • Iron ore
  • trade negotiations

Bank of China Steps Up Loan Support to Taiwan Companies

Data Analysis 08:51:43AM Jun 19, 2012 Source:SMM

BEIJING, June 18 (Xinhua) -- The Bank of China, China's third-largest lender, announced Monday it will provide RMB loans worth 200 billion yuan (31.75 billion U.S. dollars) in the coming three years to Taiwan businesses based in the mainland.

The bank said the lending support aims to help Taiwan enterprises in the Chinese mainland to further grow their business and promote cross-Strait economic and trade relations.

The bank said it has so far established business relations with more than 700 Taiwanese-funded companies, providing them with nearly 170 billion yuan of loans over the last three years.

 

Price

more
Aluminum Ingot
Oct.15
13770.0
-30.0
(-0.22%)
Aluminum Ingot - Fo Shan
Oct.15
13780.0
-20.0
(-0.14%)
Aluminum Ingot - Wu Xi
Oct.15
13790.0
0.0
(0.00%)
Aluminum Ingot - Hang Zhou
Oct.15
13810.0
0.0
(0.00%)
Aluminum Ingot - Chong Qing
Oct.15
13755.0
-15.0
(-0.11%)

Bank of China Steps Up Loan Support to Taiwan Companies

Data Analysis 08:51:43AM Jun 19, 2012 Source:SMM

BEIJING, June 18 (Xinhua) -- The Bank of China, China's third-largest lender, announced Monday it will provide RMB loans worth 200 billion yuan (31.75 billion U.S. dollars) in the coming three years to Taiwan businesses based in the mainland.

The bank said the lending support aims to help Taiwan enterprises in the Chinese mainland to further grow their business and promote cross-Strait economic and trade relations.

The bank said it has so far established business relations with more than 700 Taiwanese-funded companies, providing them with nearly 170 billion yuan of loans over the last three years.