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Taiwan's Banks Expand Their Reach into China

机译:台湾银行将业务拓展到中国

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摘要

The deal is critical for Taiwan as it faces increasing pressure from South Korea and Hong Kong, which also are vying to expand their participation in the Chinese market. In July, Chinese and South Korean leaders pledged to sign a bilateral free trade pact before the end of the year, while at the same time introducing direct trading of their currencies and allocating a sizeable quota of yuan funds to Seoul for investment in Chinas capital markets. "It is a wake-up call for Taiwan that its first-mover advantage in having a goods trade agreement with China is now under threat, and it cannot afford to delay the signing of the service trade agreement any longer," said Wai Ho Leong, analyst with Barclays Capital in Taipei.
机译:这笔交易对台湾至关重要,因为台湾面临来自韩国和香港的越来越大的压力,韩国和香港也在争相扩大在中国市场的参与。 7月,中国和韩国领导人承诺在年底前签署双边自由贸易协定,同时引入本国货币的直接交易,并向首尔分配大量人民币资金用于在中国资本市场的投资。 。 Wai Ho Leong表示:“这是对台湾的警钟,它在与中国达成货物贸易协定方面的先发优势现在正受到威胁,它再也不能再拖延服务贸易协定的签署了。” ,巴克莱资本驻台北的分析师。

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