Fujian, Taiwan eyeing closer financial links

East China's Fujian province is moving to deepen financial cooperation with Taiwan province by introducing a string of measures to better facilitate two-way financial activity and make it easier for Taiwan residents and companies to access financial services on the mainland.

The measures include better facilitating the financing of Taiwan-funded enterprises and mobile payments for Taiwan residents when visiting Fujian. The province also plans to set up a number of specialized banking and insurance organizations for Taiwan companies and residents, said Chen Zhiyong, deputy director of Fujian's Taiwan Affairs Office.

Eligible Taiwan-funded enterprises based in Fujian can directly apply for debt at local banks without having to go to an exchange management department. In addition, Fujian provides convenient services for investors to open share trading accounts. It has set up 30 counters for Taiwan residents at Industrial Securities and Huafu Securities to carry out online and offline financial services, Chen said at a news conference on Tuesday in Fuzhou, Fujian province.