Tag Archives: China

Taiwan banks reluctant to charge ‘account keeping fee’ – The China Post

Most Taiwan banks have no plan to levy a “deposits account keeping fee” from customers who have only a small sum of outstanding deposits in their accounts, although some foreign banks have already taken such a move.Some foreign banks, including Standard Chartered Bank and HSBC (Hong Kong and Shanghai Banking), have started charging a monthly fee from clients… Read More »

July 4th: Taiwan welcomes cross straits direct flights – but what about all the other problems?

While America celebrates the 4th of July, Taiwan is celebrating its own July 4th – the first direct (legal) cross-straits flights since 1949. Ma Ying-Jeou’s new government recently announced the easing of cross-straits relations, and has brought in something of a warming of cross-straits ties after years of stalling by the previous Chen and Lee administrations. While it’s… Read More »

New Blood: New Hope – Can Taiwan Finally Escape the Impasse of the Last 30 Years?

Taiwan has always been in an awkward position in its relationship with China. At different times, Taiwan has been the aggressor, the victim, had the upperhand, been at the bottom of the pile… While the actual position of its relationship hasn’t been that important to Taiwan’s political and economic position, in recent years Taiwan’s relationship has vacillated between… Read More »

What’s a ‘hui’? How you can borrow and lend money in China

In the modern world, credit is as essential an ‘asset’ as actual assets are. Without credit, it’s often difficult to buy the luxuries and even necessities of life. We rely on banks to provide the funds for this credit, but now credit is getting tight as banks are looking to shore up the loans on their books. Banks… Read More »