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|Other Titles: ||A study of the capital loan to Taiwanese enterprises in China|
|Authors: ||李明學;Li, Ming-hsueh|
|Keywords: ||中國大陸;台商;融資;Taiwanese enterprises in China;Chinese banks|
|Issue Date: ||2010-01-10 23:30:11 (UTC+8)|
Currently the Taiwanese enterprises in China have three financing sources- Taiwanese banks, Chinese banks, and the capital markets of China. However, small and medium Taiwanese enterprises usually cannot get financed by banks owing to credit issues. They also find it difficult to be listed in China because of the cross-strait political and legislative problems, not to mention the structural differences among businesses. Most of Taiwanese enterprises in China, therefore, get capitals or funds injection via their parent companies in Taiwan, their associates companies in China, or their subsidiaries setup in third places.
Such kind of indirect financing approaches not only result in higher funding costs and troublesome procedures, but often cannot meet financial needs effectively. This is a great disadvantage for business development especially when the investments of Taiwanese enterprises in China are over USD 100 billion and the financing needs are mounting rapidly. On the other hand, the Taiwanese enterprises are not able to get banking support back in Taiwan because the Mainland Affairs Council is reluctant to approve local banks to setup branches across the Strait and the authorities of both sides still cannot restore the negotiation of banking supervising mechanism. The Taiwanese enterprises in China have no choices but to seek financing supports from Chinese banks for the sake of survival or on-lasting growth.
In view of existing funding difficulties the Taiwanese enterprises in China face, Chinese governments at all levels and the financial institutions take some actions to solve the problem one after another. For example, Chen Yunlin, director of the State Council Taiwan Affairs Office, and Chen Yuan, president of the China Development Bank（CDB）signed an agreement on September 7, 2005, to offer huge bank loans to the Taiwanese enterprises in China. Under the agreement, the mainland promises to provide Taiwan enterprises with credit loans totaling 30 billion yuan（about US$3.9 billion）in the coming five years. Later on September 21 of the same year, CDB released details on loans to Taiwanese enterprises based on the agreement. China Development Bank（CDB）had disbursed loans of RMB 6.55 billion to 79 Taiwan enterprises by the end of 2006.（加底線者為CDB年初公佈對台商放款數字）. It is evident that the Chinese authorities have fulfilled their promises to finance Taiwanese enterprises step by step. What will the action affects Taiwanese enterprises and financial institutions is the key point this thesis aims to explore.
|Appears in Collections:||[中國大陸研究所] 學位論文|
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