Financial Integration Path Choice and Strategic Conception Between Mainland China and Taiwan

Before the signing of ECFA,the financial sector between mainland China and Taiwan was open to a limited extent.The provisions of financial services between mainland China and Taiwan stayed at cross-boder supply and consumption abroad.The signing of the MOU,in particular,the signing and implementation of ECFA,shows the integration of cross-strait financial sectors from the low-level civil cooperation turning into a new stage of institutionalization of integration.After the signing of ECFA,the path of financial integration and strategic vision between the two sides should be accelerating the establishment of a free trade zone of cross-strait financial services for short-term,building the cross-strait or mainland China,Taiwan,Hong Kong and Macao common market for a medium plan,and establishing Chinese Yuan Zone as the ultimate goal.