By James Peng
Dec. 20 (Bloomberg) -- China offered to provide Taiwan with any assistance in coping with the deepening global financial crisis at a forum between the ruling parties of both sides.
China is ready to help Taiwan through the financial crisis if it is needed, said Jia Qinglin, a Politburo member and the most senior Chinese official responsible for the affairs of overseas Chinese.
Jia also said the two sides should discuss establishing a currency clearing system and set up a monitoring mechanism for banks, insurance firms and securities companies.
Officials from Taiwan’s ruling Kuomintang are meeting with their Chinese counterparts in Shanghai for a two-day meeting to discuss strengthening banking and investment ties, paving the way for government-level talks that resumed in June after a nine-year suspension.
The Shanghai forum will be the fourth annual summit since Chinese President and Communist Party leader Hu Jintao in 2005 met former Kuomintang Chairman Lien Chan, ending more than 60 years of hostility between the two political parties.
The two sides will discuss cooperation in the financial and service industries, encouraging two-way investment and promote regular economic exchanges across the Taiwan Strait, the KMT’s deputy secretary-general Chang Jung-kung said on Dec. 16.
To contact the reporter on this story: James Peng in Hong Kong at jpeng7@bloomberg.net
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