To deeply implement the spirit of the Opinions of the CPC Central Committee and the State Council on Supporting Fujian to Explore a New Path for Cross-Strait Integrated Development and Build a Demonstration Zone for Cross-Strait Integrated Development, IB released the Action Plan to Support the Construction of the Cross-Strait Integration Demonstration Zone (hereinafter referred to as “the Action Plan”) on November 2, 2023. This plan outlines 31 measures to comprehensively assist the development of the Cross-Strait Integration Demonstration Zone with higher standards, greater efforts, and more practical measures.
The Action Plan focuses on market entities such as Taiwanese enterprises, individuals, and businessmen. It includes measures to aid the integration of industries across the Strait, service the integration of the digital economy, deepen green finance cooperation, optimize financial supply to provide differentiated services to Taiwanese individuals and enterprises, and strengthen comprehensive financial cooperation with Taiwan.
Leveraging its geographic advantage as the only national joint-stock commercial bank headquartered in Fujian, a province closely linked to Taiwan, IB continuously enhances its comprehensive financial services to Taiwanese individuals and enterprises. The bank has been pioneering new financial service models and creating a diverse financial service system for them. IB has established 15 key operational institutions in various cities in Fujian to serve Taiwanese individuals and enterprises, issued the first domestic financial bond supporting Cross-Strait integration for SME loans, and created special financial products like the first garden debit and credit cards for Taiwanese individuals, as well as business loans. They have set up dedicated service counters for Taiwanese individuals, opening fast-track business processing channels. IB has provided comprehensive financial services to Taiwanese enterprises like Tianfu Group and Quanzhou Grand Pacific Chemical, supporting critical industrial links to extend, replenish, and strengthen industrial chains. As of the end of September, IB has provided nearly 16 billion yuan in credit support to almost 200 Taiwanese enterprises in Fujian, focusing on high-tech, chemical manufacturing, and other industries. They have also provided nearly 400 million yuan in financing to over 1,000 Taiwanese individuals, effectively helping them integrate into the new Fujian and share in its developmental achievements.
IB is set to expedite the implementation of various measures outlined in the Action Plan. The bank aims to enhance its comprehensive financial services capabilities for Taiwan, positioning itself as a financial vanguard in promoting the integration and development across the Strait. IB is committed to providing more convenient and superior financial services to Taiwanese individuals and enterprises in Fujian, contributing significantly to the exploration of new paths for Cross-Strait integrated development and the construction of the demonstration zone.