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The Chinese mainland has approved the applications of six Taiwan-based banks to open branches on the mainland,[link widoczny dla zalogowanych], a mainland spokesman said Wednesday.The mainland has also given approval for four other Taiwan banks to establish representative offices on the mainland,[link widoczny dla zalogowanych], Yang Yi,[link widoczny dla zalogowanych], the State Council's Taiwan Affairs Office spokesman,[link widoczny dla zalogowanych], said at a regular press conference.

A total of 15 Taiwan securities firms have set up 29 offices on the mainland so far,[link widoczny dla zalogowanych], he noted,[link widoczny dla zalogowanych], adding that Taiwan investors have founded five insurance companies on the mainland.Financial cooperation across the Taiwan Straits has developed smoothly since the two sides signed an agreement on financial cooperation in April 2009,[link widoczny dla zalogowanych], he said.The two sides signed a memo on the supervision on financial businesses in November 2009,[link widoczny dla zalogowanych], he added.

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