Mega International to partner with Bank of China

Tie-up was spurred by the signing of financial Memorandum of Understanding between Taiwan and Mainland.

Insiders revealed that Mega's partnership with BOC depends on the approval by the Taiwan's Ministry of Finance, the bank's major shareholder, and the Cabinet-level Financial Supervisory Commission (FSC).

If everything goes as planned, Mega may sign an official agreement with BOC after the first negotiation on economic cooperation framework agreement (ECFA) to be held by the authorities in Taiwan and China later this month, as stated in a report in China Economic News Service.

Mega and BOC will reportedly focus on syndicated loans, renminbi (RBM)-based lending, and setting up a lending platform serving Taiwanese enterprises in China.

Starting in the first half of last year some leading banks in China have contacted Taiwanese counterparts for possible cooperation, including BOC, Industrial and Commercial Bank of China (ICBC), China Construction Bank, Agricultural Bank of China, Bank of Communications, China Merchants Bank, and China Development Bank (CDB).

Follow the link for more news on

Also Read

SMBC, Fujitsu Limited to create data analytics business

Thai banks not “materially” affected by Myanmar earthquake

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