Fujian on Taiwan offshore financial markets is expected to be completed during the year shanghaizhengquanhuiguan schema _

May 20, Ma Ying-jeou. Cross-Strait financial exchanges the brunt of new expansion is, how to break the existing difficulties, attention. While the previous day in Fuzhou, organized by the Asian investment fund Summit, to participate in cross-strait line of financial experts and practitioners agree that Fuzhou in specific areas (such as free trade zones and export processing zone) to set up facing the Strait of offshore financial centres, which can help you break through the high political sensitivity of cross-strait financial dealings with difficulties. Fubon Bank shares of Xiamen company according to the news that the end of may, Taiwan economic authorities may by Fubon Bank shares of Xiamen commercial bank 20 percent stake, this is the first case of cross-strait financial integration. The future of the "authority" will continue to promote the Taiwan region banks participating Mainland banks, securities companies and securities dealers participating mainland Taiwan. Xiamen commercial bank shares for fubang, Taiwan CSC International Holdings Co., Ltd. Shanghai Representative Office Chief Representative diao weiren believes that "Although equity participation, but due to the weak, the future development of the right to be restricted." Xiamen University Taiwan Institute Vice President Professor Deng lijuan believes that after 5 · 20, in cross-strait tourism directly under the cross-strait currency exchange should soon will have more improvements, cross-currency settlement, establishing financial institutions on both sides and both sides of the financial regulation, and other big issue, because the political level, breaking through the difficult. She indicated that the cross-strait financial difficulties, the Taiwan authorities policies and regulations limit is the main obstacle to China-related policy flexibility not also affects related processes; in the cross-strait relations under the new circumstances, to take a positive and pragmatic, flexible measures could be a breakthrough at this stage, cross-strait financial transactions. Deng refers to a positive and pragmatic, flexible measures, including lowering the threshold for Taiwan in Fujian province, regional financial institutions, "to try". She thinks this is feasible, it is her most pleased to see one of the options. Diao weiren reference number said that in 2007, Taiwan financial institutions OBU (international financial services branch) and the overseas branch bearing do cross-strait remittances and import/export foreign exchange business, $ 2098 billion, up 27% growth in 2006; the scale of cross-strait trade investment, increasing, and the financial transactions has long lag, and huge demand extremely inconsistent. Years or complete schema Fuzhou for external trade of the Deputy Mayor, said Mr Jian Yong has been craving established Fuzhou offshore financial market is not only their own development needs, Fuzhou is also more conducive to cross-strait blend. He revealed, Fuzhou on offshore financial markets will be completed during the year and reported to the relevant departments of the schema. Central China enterprises Research Center Director, Professor Liu Shu-Wai pointed out that, at the establishment of offshore financial markets, with Shanghai, Tianjin, cross-strait economic exchanges, industry investment, financial transactions, the current Taiwan industry on the continent has a very good investment, but since the policy barriers that financial institutions are not able to set up branches in mainland China; to promote cross-strait financial exchanges, at the establishment of a mainly for the Strait of offshore financial centres, is very necessary. States Department of Commerce's Institute of international trade and economic cooperation further pointed out that Dr. Mei Xinyu, Fuzhou established offshore financial markets, in particular, for specific groups. Mei told reporters, from national macro-economic perspective, the offshore finance itself is a kind of service exports, with many export processing zone, there are similarities, conducive to foreign investment in the continent, in the long term, it is also beneficial to the Chinese companies going global, multinational operations. Therefore, Fuzhou established offshore financial centres, and national requirements. But he then said, Fuzhou like Shenzhen, Tianjin, Shanghai, in the city-wide operating offshore financial, there is no advantage in bonded areas, export processing zones, such as a specific area, mainly for Taiwan, overseas Chinese carry out financial business has its advantages. To this end, diao weiren's view, Fuzhou have Taiwan's special conditions that want to establish a regional offshore financial centres, with some success factors; offshore financial generally low cost, interest rates are relatively high, if the service item limit releases, a large number of overseas funds, including the Chinese capital will be willing to pass off-shore financial market in mainland China. How you implement? Liang Jian Yong told reporters, Fuzhou two bonded logistics park, two export processing zone, Fuzhou bonded zone, in these particular areas, suitable for offshore financial policy in the overlay, but must seek a central policy support, including tax policy, implementation of the Exchange margin system, hands-free, hands-free deposit margin, etc, will it be possible to form the financial free port. Risk control is particularly important, however, it is often easier said than done, off-shore financial risk control is especially difficult. Tianjin University of finance, Professor Yao Lee said, off-shore financial is based in the territory of the country, is not subject to national laws, regulatory constraints, pipe die market does develop, release the risks are very large; offshore financial markets mainly financial risk, and one overseas financial crisis possible through offshore markets, delivered to the country. Fuzhou obviously on offshore financial problems did quite a lot of homework. Beam jiangyong on risk management and control issues put forward specific ideas. He said that initially, will take on the "inside and outside of separable, moderately permeable supplement" mode. The meaning of this model is that the initial phase, in osmosis direction, only allow offshore funds to domestic penetration, does not allow domestic capital to offshore permeability; in osmosis channels, initial offshore funds can allow a loan to the enterprise in order to carry out the indirect financing, mature, gradually opening to allow domestic enterprises to the offshore markets of bonds, shares, direct financing. In addition, in the management of system design, penetration, to achieve effective management control, management, management timely; in osmosis scale, to moderate infiltration, preventing excessive and out of scale to the domestic market in turmoil, with no impact on domestic prices, interest rates, exchange rate level. The idea of this and Mei Xinyu. Mei to journalists again stressed the Fuzhou to do on offshore financial, must be in the national legal and planning of frame, moderately controlled continuous development for Taiwan, overseas Chinese enterprises, but also for the Mainland enterprises future overseas provide more convenient financial support. And from Taiwan senior operators diao weiren said: "I wish this policy an early breakthrough."