(Corrects headline and first paragraph to show Taiwan has
accepted CCB application to open its first branch, not approved
the first branch.)
TAIPEI Feb 7 Taiwan has accepted an application
from China Construction Bank (CCB) to set up its
first branch in Taipei, the top financial regulator said on
Thursday, in the latest sign of warming financial ties across
the Taiwan Strait.
Bank of China and Bank of Communications
have opened their first branches on the island.
Business ties between the both sides have gathered steam.
On Wednesday, China's yuan traded in Taiwan for the first time,
a further step in Beijing's march to boost the currency's global
reach and promote deeper economic integration with its one-time
(Reporting by Emily Chan; Editing by Ron Popeski)