Taiwan banks cooperate closely with Suzhou   

苏台金融合作提速 4家台资银行落户苏州

台湾最大的企业贷款机构——兆丰国际商业银行在苏州开设的分行16日开业。这是兆丰国际银行在中国大陆设立的首家分行。至此，目前在大陆获准设立分行的10家台资银行中，已有4家落户苏州。

Suzhou (CNS) -- Taiwan's largest corporate lending institution Mega International Commercial Bank opened its first mainland branch in Suzhou on Monday. This is the fourth Taiwan bank to set up in Suzhou, and the 10th on the mainland.

The Chang Hwa Bank pioneered the trend in 2002 by opening a branch office in Kunshan, Suzhou; its Kunshan office was launched at the end of 2010.

The first mainland sub company of the Industrial Bank of Taiwan entered the Suzhou Industrial Park on June 7, 2011. The First Commercial Bank also located its FCB Leasing Co. in Suzhou.

Mega's Suzhou operation will be funded by one billion yuan (US$156.89 million) , confirmed Chairman McKinney Tsai. The new branch is a nod to the city's strengthening financial industry, expected to be a significant aspect of Suzhou's industrial reforms, commented an official.

Suzhou now houses 9,719 Taiwan companies.