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Taipei opening $$ windows with China

Taipei opening $$ windows with China

(Taiwan) - The Taiwan Government has relaxed regulations on direct commercial contacts with China, making it simpler for Taiwan banks to remit money to and from China. Taiwan banks with domestic banking units (DBUs) that are approved to execute FX trades can from now directly remit money to and from China, as opposed to offshore banking units previously.

Banks not holding DBUs will be allowed to carry out indirect money remittance through overseas banks.
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