Sun, Apr 07, 2013 - Page 8 News List

EDITORIAL: Navigating cross-strait banking

As far as the management control in Taiwanese banks and share sales in Taiwan’s state banks are concerned, the government should stick to its bottom line and refrain from making more concessions in the upcoming service sector negotiations under the ECFA, during which further relaxations of financial rules may be agreed upon. Moreover, in the wake of signs that many businesses are starting to relocate their operations to other emerging markets because of rising production costs in China, we must hope our government will be able to reach similar market-access deals with other countries and thus help prepare more Taiwanese banks to enter those markets.

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