BIZCHINA / Top Biz News |
Taiwan firms get $31b financing from mainland(Xinhua)
Updated: 2008-02-27 14:43 Chinese banks have financed 6,300 Taiwan-funded companies on the mainland with a total of 230 billion yuan ($31.5 billion) in 2007, according to the Taiwan Affairs Office of the State Council. Chinese banks' financing for Taiwan-funded companies on the mainland has exceeded 700 billion yuan since 2004, said Fan Liqing, spokeswoman for the Taiwan Affairs Office. A total of seven Chinese banks have financed Taiwan-funded companies with more than 10 billion respectively in 2007 alone. China will continue to provide financing support to create a more favorable environment for Taiwan-funded companies on the mainland, she said.
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