Trade players swoop in on Greater China

BNP Paribas and Coface announce expansion plans in China and Taiwan.

In yet another sign that trade financiers are placing a greater emphasis on North Asia, BNP Paribas and Coface have announced an expansion of their operations in China and Taiwan.

Coface, the export credit insurance and credit information company, opened an office in Taipei this week, less than a month after setting up another office in Shanghai. Mindy Hung has been appointed to head the Taipei operation.

The move comes on the back of Taiwan's entry into the World Trade Organization, says Jerome Cazes, managing director of the Coface group. With the entry of both China and Taiwan into the WTO and the prospect of cross-strait trade moving to a reality in the future,...

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