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All eyes on financial pacts made by China and Taiwan

Officials from the CSRC, CBRC and CIRC have met with counterparts in TaiwanÆs FSC. Market watchers expect a deal to be finalised by mid-2009.

By Liz Mak

November 06, 2008

TaiwanÆs Financial Supervisory Commission signed a memorandum of understanding with Dubai Financial Services Authority DFSA yesterday. This is the latest among several bilateral agreements entered into by Taiwan, and separately by China, that have gained a lot of attention in the region.

Taiwan's latest deal will build partnerships in financial market supervision with Dubai. Taipei and Dubai will exchange intelligence on financial market operations, while bolstering cooperation in market developments and transparency in the dealings of organisations that are active in both markets.

David Knott, CEO of the DFSA, and Gordon Chen, the new head in charge of the FSC since July, met yesterday to formally sign the agreements. The Taiwan deal will add...

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North Asia