BusinessWeek - Jan. 16 marks the beginning of the next stage of engagement between Taiwan and China. That's when three long-awaited memoranda of understanding (MOU) come into effect liberalizing financial ties across the Taiwan Strait. The agreements, signed on Nov. 16 by Taiwan's Financial Supervisory Commission (FSC) Chairman Sean Chen and three counterpart agencies that oversee Beijing's banking, insurance, and securities sectors, allow financial institutions in both countries to set up liaison offices or upgrade such offices into branches.
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