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First FHC to Enter Mainland Financial Market via Hong Kong.

Asia Africa Intelligence Wire

| January 08, 2004 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From SinoCast China Business Daily News)

HONG KONG, January 09, SinoCast -- Tsai Jer-shyong, general manager of Taiwan-based First Financial Holding Co., Ltd. (First FHC), said that the company would make its inroads into Mainland China by acquiring Hong Kong-based banks in 2004.

On January 5, the company revealed that it hoped to be the leader among Taiwan-based financial holding companies. The business in the fast-growing financial market in Mainland China will be a solid foundation of the company's take-off.

After the Chinese Central Government and Hong Kong Government signed the Mainland & Hong Kong Closer Economic Partnership Arrangement …

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