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Taiwan, China To Complete Signing Of Financial MOU Monday - Report



TAIPEI -(Dow Jones)- Taiwan and China will complete the signing of a memorandum of understanding on financial supervision Monday evening, the island's government-controlled Central News Agency reported, without citing sources.

The two sides are now exchanging documents, which financial regulators on both sides will sign, the agency said.

The MOU is a step toward the two sides opening their financial markets to each other.

Financial Supervisory Commission Chairman Sean Chen will hold a news conference shortly, the commission said.

Commission officials reached by Dow Jones Newswires declined to confirm whether the MOU has been signed or will be signed Monday.

-By Perris Lee Choon Siong, Dow Jones Newswires; +8862-2502-2557; perris.lee@ dowjones.com


  (END) Dow Jones Newswires
  11-16-090549ET
  Copyright (c) 2009 Dow Jones & Company, Inc.

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