SHANGHAI, Dec. 21 (Xinhua) -- The Chinese mainland announced here on Sunday ten policies and measures for economic cooperation with Taiwan aimed at a joint responses to the global financial crisis.
The measures include the support for the development of Taiwanese-funded companies in the mainland, promotion of two-way investment and so on, said Wang Yi, director of the Taiwan Work Office of the Communist Party of China Central Committee, at the conclusion of the 4th Cross-Straits Economic, Trade and Cultural Forum.
Details about the measures and policies include:
-- To support the development of Taiwanese-funded enterprises on the mainland. The mainland's policies for supporting small and medium-sized enterprises (SMEs) also apply to Taiwanese-funded SMEs. To support Taiwanese-funded enterprises to participate in the mainland's projects to expand domestic demand.
-- To improve the financing services for Taiwanese-funded enterprises. The Industry and Commercial Bank of China and Bank of China have recently decided to offer 50 billion yuan (7.3 billion U.S. dollars) each financing Taiwanese-funded enterprises in two to three years, including SMEs. China Development Bank will offer another 30 billion yuan financing Taiwanese-funded enterprises in three years in addition to its previous 30 billion yuan for them.