The measure would remove the requirement that unsecured loans offered by local financial institutions to Taiwanese businesspeople operating in China should not exceed 10 percent of the company's net value; allow them to provide factoring services and grant credit to foreign businesses; and permit them to accept shares issued in Taiwan, real estate and NT dollar as collateral.
Both measures will be put into effect within a week after the FSC completes revisions of measures governing cross-strait financial businesses, Jong said.
Additional reporting by CNA
Also See: Fubon aims to be first to China
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