“The nation’s financial regulator has promised [to negotiate with its Chinese counterpart] to ease the grace period before Taiwanese banks are allowed to operate yuan-denominated business,” Wang Lee-rong (王儷容), director of the Chung-Hua Institution for Economic Research’s (中經院) Center for Economic Forecasting, told a seminar organized by the National Policy Foundation and Taiwan Competitiveness Forum. <…more>
Taipei Time
By Joyce Huang
STAFF REPORTER
Wednesday, Apr 15, 2009, Page 11