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Updated Thursday, October 1, 2009 10:49 am TWN, CNA

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Cross-strait financial MOU likely in November

TAIPEI, Taiwan -- Taiwan and China are expected to sign a memorandum of understanding (MOU) on cross-Taiwan Strait cooperation on financial supervision in November, Taiwan Academy of Banking and Finance Chairman Shea Jia-dong said yesterday.

“The signing of such an MOU has been delayed for a long time because of its 'political sensitivity' rather than because of difficulties encountered by the two sides in working out its contents,” Shea said without elaborating.

He also disclosed that high-ranking officials of the Bank of China will visit Taiwan in October to prepare for the establishment of a Taiwan branch.

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