Fujian bank to become first to enter Taiwan market

A Fujian-based commercial bank will become one of the first mainland banks to open in Taiwan, a local Taiwan affairs office official said.

"A local shareholding commercial bank will be allowed to open branches in Taiwan," Fujian province's Taiwan affairs office director Deng Benyuan told China Daily on Saturday.

But he did not name the bank or provide a timetable for the ice-breaking step in cross-Straits financial cooperation.