In my opinion, Taiwan should strive for the finance exchange center in Asia, and the RMB must be the best choice as the exchange currency for the Asian countries. In the legislated Taiwanese law, the Taiwanese banks CANNOT operate the Asian funding, and the exchange rate difference and handling charge are the targeted objectives actually. Of course, Taipei should be picked as the best executing city in Taiwan, and the background conditions are better than Shanghai by the political relationships.
As everybody knows, the EUR has been a failure currency in Europe, and therefore I oppose the concept of the Asian currency. According to the statistical data, the mainland China doesn't has any national debt, and the Asian countries do not intend wasting the twice exchange rate differences. As a matter of course, the RMB should be better than the USD for the foreign exchange reserves, and the Asian countries should adopt the USD and RMB at the same time in the present situation, including Taiwan.
In fact, the Switzerland banks can operate the national funding, but the Taiwanese banks cannot operate the national funding. In the law preparation, the KMT and DPP should develop the policy details, and the law documents should be written down as the blue book.
As everybody knows, the EUR has been a failure currency in Europe, and therefore I oppose the concept of the Asian currency. According to the statistical data, the mainland China doesn't has any national debt, and the Asian countries do not intend wasting the twice exchange rate differences. As a matter of course, the RMB should be better than the USD for the foreign exchange reserves, and the Asian countries should adopt the USD and RMB at the same time in the present situation, including Taiwan.
In fact, the Switzerland banks can operate the national funding, but the Taiwanese banks cannot operate the national funding. In the law preparation, the KMT and DPP should develop the policy details, and the law documents should be written down as the blue book.