Taiwan permits 20pc mainland Chinese stake in banks

Taiwan will let mainland lenders own up to 20 per cent of some financial institutions, raising the limit on ownership as cross-strait economic integration deepens.

A single mainland lender will be allowed to own as much as 20 per cent of a banking unit of a financial holding company, Taiwan's Financial Supervisory Commission (FSC) said in a statement.

via Business feed http://www.scmp.com/business/banking-finance/article/1205077/taiwan-permits-20pc-mainland-chinese-stake-banks