Mainland, Taiwan to sign financial services deal

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Source: CCTV.com | 04-19-2009 10:10

The Chinese mainland and Taiwan will sign a deal on financial services and expand direct flights at talks next week. The announcement was made on Saturday by officials in Taipei.

The Chinese mainland and Taiwan will sign a deal on financial services and expand direct flights at talks next week. (CCTV.com)

The negotiations are to take place in Nanjing from April 25th to 29th. Topping the agenda at the third round of talks is a broad agreement on financial services cooperation.

It will cover a currency clearing system between the new Taiwan dollar and the Chinese yuan. It will also give mutual access to information about securities and futures markets.

The two sides plan to expand direct daily flights, allowing charters to become regular scheduled flights while adding routes and destinations.

The two sides are also expected to reach consensus on gradually opening the island to mainland investment in manufacturing, services and major infrastructure projects.

Editor:Zhang Pengfei