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TAIWANESE BANKS GRANTED PERMISSION TO SET UP BRANCHES IN CHINA.
TAIPEI, June 1 Asia Pulse - Taiwan's Cabinet has agreed to allow local banks to set up representative offices in mainland China on the condition that their operations are confined to market surveying and consulting.
In an announcement after the Wednesday Cabinet meeting, the Ministry of Finance said that any local bank applying to establish mainland representative offices must meet the following requirements:
-- No serious infringements by the bank have been found over the past three years;
-- The bank's net assets must rank in the top 10 among local monetary institutions;
-- Its capital adequacy ratio (CAR) must be at least 8 percent;
-- The bank must have experience ...
- UKRAINE-REPRESENTATIVE OFFICES-FOREIGN-ACCREDITATION.
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- News wire article from: AsiaPulse News June 13, 2006 700+ words
...June 13 Asia Pulse - Representative offices of foreign firms in...Management. The number of representative offices in Hanoi has risen from...energy and petroleum. Representative offices of foreign firms are...
- VIETNAM: PM ISSUES DECREE ON FOREIGN BUSINESSMEN'S REPRESENTATIVE OFFICES.
- Newspaper article from: IPR Strategic Business Information Database July 27, 2006 700+ words
...licensing foreign businessmen to open representative offices and branches in Vietnam. The decree...obligation of foreign businessmen's representative offices, and the State management over...businessmen are entitled to opening representative offices and branches in Vietnam as ...
Source: HighBeam Research, TAIWANESE BANKS GRANTED PERMISSION TO SET UP BRANCHES IN CHINA.