BANKING supervision authorities from the Chinese mainland and Taiwan yesterday jointly established a regular meeting mechanism to negotiate regulations for commercial banks doing businesses in each other's markets.
The leaders of the two sides' banking supervision bodies or other designated representatives will hold regular talks every six months, alternating locations between the mainland and the island.
Fan Wenzhong, a spokesman for the mainland's banking regulator, said the two sides agreed on a procedure for daily communication, regular visits and procedures for spot inspections at banks.
The leaders of the two sides' banking supervision bodies or other designated representatives will hold regular talks every six months, alternating locations between the mainland and the island.
Fan Wenzhong, a spokesman for the mainland's banking regulator, said the two sides agreed on a procedure for daily communication, regular visits and procedures for spot inspections at banks.