Liu Mingkang, former chairman of the China Banking Regulatory Commission and convener of the financial cooperation promotion group of the Cross-Straits Entrepreneurs Summit, and Chen Siqing, head of Bank of China, recently led a delegation to Kunshan, South China’s Jiangsu province.

During the two-day visit, the delegates listened to a report on the Kunshan Deepen Cross-Strait Industrial Cooperation Experimental Zone. An enterprises symposium was also held to learn about the influence of the new financial preferential policy on Kunshan-based Taiwan enterprises.

Li Yunfeng, member of the Standing Committee of the CPC Provincial Committee and executive vice-governor, and Jiang Hongkun, deputy chairman of the Standing Committee of the Jiangsu Provincial People’s Congress and secretary of the Suzhou municipal Party committee, met with Liu’s delegation.

At the symposium, Guang Aiguo, secretary of the Kunshan municipal Party committee, was on hand to give a report on the development of the Kunshan Deepen Cross-Strait Industrial Cooperation Experimental Zone.

Kunshan was the most popular destination for many Taiwan companies and investments, and a city with vigorous cross-Straits economic and cultural exchange, said Guang. New measures and policies covering the experimental zone’s operation system, financial opening-up and innovation, and technological talents exchange were established last November. The city is making efforts to promote integration of various aspects and development in finance, culture and talent.

For the next stage, the municipality will deepen cross-Straits cooperation in industry, finance and technology to push forward the zone’s development.

Liu appreciated Kunshan’s guidance and support for Taiwan-owned enterprises. He added that the financial cooperation promotion group of the Cross-Straits Entrepreneurs Summit will carry out in-depth study on the zone’s strong approach and experience in deepening cross-Straits industrial cooperation. He hopes Kunshan can focus more on the integration and development of cross-Straits industries and finance. He also hopes the city can build a good business environment by combining cross-Straits advantages.

The delegates also received feedback from Taiwan-owned enterprises regarding their expectations for the new financial preferential policy and for future policy.