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Mainland, Taiwan regulators to launch first discussion on cross-Strait banking supervision

04-23-2011 10:08 BJT

BEIJING, April 23 (Xinhua) -- Banking regulators from the Chinese mainland and Taiwan will conduct their first discussion on creating a cross-Strait banking supervisory mechanism, the China Banking Regulatory Commission (CBRC) said Friday.

CBRC chairman Liu Mingkang will head a delegation as mainland regulatory head to Taiwan since April 23 for discussions, CBRC said in a statement on its website.

The direct talks will be conducive to prudent operation and stability of their banking systems, as well as protection of the interests of depositors from the mainland and Taiwan, the statement said.



Editor:Zhang Pengfei |Source: Xinhua

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