Hong-Wei completes cross-strait RMB loan
Hong-Wei Electrical Industry delivered Rmb2 million in loans to its subsidiary in Kunshan, China via Standard Charted through an intercompany loan.
Hong-Wei Electrical Industry Co (Hong-Wei), Taiwan an elevator manufacturer, has secured the ability to lend Rmb40 million cross-strait to its Kunshan subsidiary through a pilot zone scheme with the People’s Bank of China.
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