Taiwan prefers China over Hong Kong
In banking as well as trade, size truly matters.
Despite its ongoing travails, China's huge economy is attractive enough for Taiwan's bankers to rate it as their top overseas market this year and the one promising the highest growth
A survey by the non-profit Taiwan Academy of Banking and Finance showed that 37% of polled banks and financial holding companies in Taiwan feel mainland China would top their overseas markets.
Hong Kong and Macau received ratings of 27%, second only to the Mainland. Southeast Asia was regarded as the best by 11% of the respondents.
The survey results suggest most of Taiwan’s financial organizations believe President Ma Ying-jeou's policy toward mainland China will improve the current cordial relations between Taiwan, and that these ties would be maintained over the next four years.
Ma is a proponent of deepening exchanges between Taiwan and the Chinese mainland.
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