| dc.description.abstract | The Chinese economic reform and opening-up has been introduced to mainland China since 1978 and it has been carried out for over 40 years till now. Due to the opening-up, mainland China and Taiwan got gradually in touch after 30 years of long estrangement. Through general travel, business travel or merchandise trade etc., mainland China and Taiwan comes step by step to a better relationship, which later leads to Taiwanese investments in mainland China and financial transaction. The investments comes initially from individual or small and medium-sized businesses, which than later slowly enhanced and broaden out. The form of investments turned subsequently into a corporation between large business or listed company with their subcontractors and or subtier supplier. This business combination leads eventually to industrial transfer. Because of the frequently exchange and trade between mainland China and Taiwan, the needs of financial service, regardless from general public or enterprises, is increasing day by day.
Through the further progression of cross-strait policy, the restriction surrounding capital contacts between both parties has also been continuously loosen up. At first Taiwanese government permitted Hua Nan Commercial Bank and Standard Chartered Bank (Taiwan) to carry out indirekt outward remittances business in 1990s in mainland China together. Due to the correspondence in the 90s and in oder to aid the taishang community, even more banks were allowed to set up representative office in mainland China and direkt remittances business comes also up to schedule.
In April 2002, Chang Hwa Commercial Bank opens up its representative office in Kunshan, China which makes it the first Taiwanese bank to enter the Chinese financial market. Later on in June 2020, Taiwanese government then approved the following establishment, Kunshan branch of Chang Hwa Commercial Bank, Shanghai branch from Land Bank of Taiwan and First Commercial Bank and Suzhou branch from Taiwan Cooperative Bank. Until February 28. 2021, twenty five branches and seven sub-branches hab been opened up in mainland China through the following seven banks, First Commercial Bank, Land Bank of Taiwan, Taiwan Cooperative Bank, Hua Nan Commercial Bank, Mega International Commercial Bank, Bank of Taiwan and Taiwan Business Bank Co.. Along with five following subsidiary banks, Bank SinoPac (China), Fubon Bank(China), E.SUN Bank (China), Cathay United Bank (China), Chang Hwa Commercial Bank Ltd. and two more representative office which opens by O-Bank in Tianjin and Taishin International Bank Co. in Shanghai.
The most important asset of financial industry is human resources and given that all Taiwanese public sector bank have already open up its branch or subsidiary bank in mainland China. The study focus therefore on human resource policy from Taiwanese public sector banks in how to advise new human resource policies which not only suits the enterprise development tendency but is also cultural fit and fits the laws and regulations in both mainland China and Taiwan. | en_US |