November 10, 2009

Reunification Watch: Beijing-Taipei-Fujian Set Up Private Equity Venture

Fubon Financial, part of a big Taiwan insurance conglomerate, China State Development and Investment Corp., and a financial business controlled by Fujian Province, will set up and own roughly equal shares of a new private equity joint venture to invest in cross-straits enterprises. The private equity firm, name unknown at this time, will be initially capitalized at 3 billion Yuan (just shy of half a billion US dollars) and comes ahead of the still-debated financial pact between the mainland and Taiwan.....

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