China Merchants’ application for Taiwan expansion postponed

Lender's less than 2 year branch in New York prompted Taiwan regulator to delay approval.

China Merchants Bank’s plans to open a branch in Taiwan have been postponed by Taiwan's banking regulatory agency, reports caijing.com, citing a company filing.

The China Banking Regulatory Commission has already approved the Bank of China, Bank of Communications and Merchants Bank to establish branches in Taiwan, according to a report in CapitalVue.

On September 23, Taiwan's banking regulatory agency approved the first two banks to open branches in Taiwan, but review of Merchants’ application has been postponed until after the National Day holiday.

Taiwan requires that Mainland banks first have a branch in an Organization for Economic Cooperation and Development (OECD) member country for a minimum of two years before then establishing a branch in Taiwan, yet Merchants’ New York branch only opened in October 2008.

Follow the link for more news on

Also Read

Deutsche Bank injects €571m to support India growth plans

Krungthai Bank temporarily closes 4 branches due to floods

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit