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Cross-Strait cash flow

THE Chinese mainland and Taiwan are to have full two-way postal remittance services from today for the first time in 60 years, Fan Liqing, spokeswoman of the State Council Taiwan Affairs Office, said yesterday.

Fan said post offices on both sides had completed technical tests. More than 2,000 mainland post offices would offer outward remittances and more than 20,000 would be able to receive funds from Taiwan, she said.

The difference in the number of facilities reflects the fact that more money flows into the mainland from Taiwan than the reverse.

Since December 15, cross-Strait postal remittances have been available, but only for transfers from Taiwan.

Meanwhile, the mainland is to offer 130 billion yuan (US$19 billion) worth of financing support over the next three years to Taiwan-funded companies to help them survive the economic downturn. The government will also hold meetings where banks and companies can discuss the financing support.


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