Taiwan to allow banks to sell gold, silver coins from China

TAIPEI, March 18 Tue Mar 18, 2014 5:28am EDT

TAIPEI, March 18 (Reuters) - Taiwan will allow local banks to sell gold and sliver coins from China, the island's Financial Supervisory Commission said on Tuesday.

The move comes amid deepening ties in cross-strait relations, it said in a statement.

Trade and financial ties between Taiwan and China has gathered steam since Taiwanese President Ma Ying-jeou took office in 2008. A slew of trade pacts have been signed since then. (Reporting by Michael Gold; Editing by Richard Borsuk)