Fujian provincial head to visit Taiwan
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Governor of southeast China's Fujian Province Huang Xiaojing is scheduled to visit Taiwan from May 5 to 10, a spokeswoman of the Taiwan Affairs Office of the State Council said Wednesday.
Fan Liqing told a press conference that Huang's trip was at the invitation of the National Policy Foundation under the Taiwan-based Kuomintang party.
According to Fan, during the trip, Huang's delegation will hold a series of cultural exhibitions and a forum to promote commerce and trade cooperation and investments between the two regions.
The announcement came just days after Luo Qingquan, Communist Party of China (CPC) chief in Hubei Province, left the island with a one-thousand-strong delegation after attending an eight-day Hubei-Taiwan festival.
During the cultural festival, Hubei's companies reached procurement agreements worth 590 million U.S. dollars with their Taiwan counterparts.
In addition, Fan said that the mainland had started to amend implementation rules for the Law on Protection of Investment by Compatriots from Taiwan, without giving further details.
The Law was promulgated on March 5, 1994 in a bid to protect the rights of Taiwan merchants who invest on the mainland.
In response to reports that strong demand for RMB banknotes in the island was dwarfing supply and the mainland was considering directly supplying the banknotes to Taiwan, Fan said the two sides were communicating on technical details and would try to solve the problem as soon as possible.
Currently, RMB banknotes in the island are solely supplied by two major overseas banks: HSBC and Bank of America.
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