The China Banking and Insurance Regulatory Commission (CBIRC) actively supports eligible banks from Taiwan in establishing legal person institutions and branches in Fujian Province, while simultaneously permitting the establishment of branches and subsidiaries. Furthermore, the CBIRC encourages financial institutions from Taiwan to invest in legal person banks, trust companies, and other financial entities within Fujian. Additionally, Taiwan-funded insurance legal person institutions operating on the mainland are now authorized to set up branches in Fujian, and Taiwan-funded bank insurance institutions have the opportunity to bolster their capital strength by increasing capital and expanding their shareholdings.
