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CCB eyeing Taiwanese expansion

According to XFN-ASIA, state-owned China Construction Bank is interested in establishing a representative office in Taiwan.

The report cited China Construction Bank’s (CCB’s) chairman Guo Shuqing as saying that CCB intends to cooperate with Taiwanese banks, although the extent of the co-operation was not revealed.

Currently, Taiwan does not allow Chinese banks to operate in the island.

The publication quoted an official from the Mainland Affairs Council, as saying: Existing regulations prohibit China banks from setting up offices in Taiwan.