Tuesday, May 09, 2006

Investment: Taiwanese investors to get $3.7 billion loan from Agricultural Bank of China

Taiwanese investors in east China's coastal city of Xiamen will have access to a loan fund totalling 30 billion yuan (3.7 billion U.S. dollars) from the Agricultural Bank of China's (ABC) branch in the city over the next five years.

Xinhua reports that under an agreement signed Monday between the ABC's Xiamen branch and the Taiwan Business Investors Association in Xiamen, the branch will provide the loans to high-grade members of the association and their key investment projects from 2006 to 2010.