Loans: CITIC Ltd raises $1 bln after name change
Sep 16, 2014
Taiwanese lenders tuck into Chinese credit
Since Taiwan opened the door to China, lenders have jumped at the chance to extend credit. CFOs welcome the new funding channel.
In September 2011, Taiwan’s financial watchdog, the Financial Supervisory Commission (FSC), paved the way for Taiwanese banks to expand into China. It was an unprecedented signal of its confidence in China’s economic story.
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