OREANDA-NEWS. August 14, 2013. Kaiyu Research & Consulting Company, co-founded by China Development Bank (CDB) and Taiwan-based Global Investment Holdings, was launched in Taipei today. This is the first cross-Strait joint venture comprehensive research and consulting firm dedicated to serving cross-Strait business investment cooperation.

CDB Vice President Wang Yongsheng and Global Investment's Chairman Hsu Li-teh jointly presided over the inaugural reception. Kuomintang Honorary Chairman Wu Poh-hsiung attended the reception and delivered a speech. Lin Chung-sen, chairman of the Strait Exchange Foundation; Li Rongmin, head of the Taipei office of China Chamber of Commerce for Import & Export of Machinery & Electronic Products (CCCME); and over 100 guests from cross-Strait trade, industrial, and financial circles attended the inaugural reception.

In his speech, Wu Poh-hsiung said: With the support from CDB and Global Investment, Kaiyu's founding will become a major event in the cross-Strait industrial development and interaction and also a milestone in deepening cross-Strait economic development.

CDB Chairman Hu Huaibang specially sent a congratulatory message to convey his congratulations on behalf of CDB on the founding of Kaiyu. He said: As a product of the sincere cooperation between CDB and Global Investment and the first cross-Strait joint venture research and consulting firm, Kaiyu shoulders a heavy responsibility and a glorious mission. He expressed the hope that, with the support and help from cross-Strait colleagues, Kaiyu will make diligent efforts to build a cross-Strait investment and financing consulting platform to assist with the in-depth exchanges between cross-Strait enterprises, push forward the steady development of cross-Strait investment and financing, and make contributions to the common prosperity of the cross-Strait economies.

In his speech, Wang Yongsheng pointed out: Kaiyu is a comprehensive service platform integrating financing, talent pooling, and business development services that is set up to meet cross-Strait trade and investment and business development needs, and it will play an important bridging role in promoting two-way cross-Strait investments and cross-Strait industrial integration to jointly integrate into the international market. After Kaiyu's founding, CDB will use its own advantages and resources in financial services, project investment, and industrial experts to support Kaiyu serving cross-Strait cooperation and improving cross-Strait economic and trade cooperation to a new level.

In his speech, Hsu Li-teh said: Global Investment has had long-time cooperation with CDB, and both sides have had thorough discussions and cooperation in SME, cultural tourism, rural finance, and other areas. With the continual development of cross-Strait economic and trade ties along with the pressing needs of economic restructuring and industrial transformation, Global Investment will support Kaiyu in playing a role of "small company but big platform", push forward the development goals of financing for Taiwan-funded businesses and investment by mainland enterprises in Taiwan, and promote cross-Strait industrial integration and regional cooperation so as to achieve mutually beneficial cooperation at deeper levels.

According to a manager in charge of Kaiyu, the company will chiefly serve Taiwan-funded businesses in the mainland and mainland enterprises investing in Taiwan, provide market research, industry analysis, investment and financing consulting, and other professional services, propose personalized financing and talent pooling solutions, and connect cross-Strait business investment and financing needs with CDB's comprehensive financial services in order to add value to its clients.

It has been learned that, as a leading bank for longer-term investment and financing in the mainland, CDB has always supported cross-Strait economic and financial cooperation. As of the end of June 2013, CDB has issued total loans of nearly 80 billion yuan to Taiwan-funded businesses.