The Economic Development Bureau of the Taoyuan City Government and Sino-Fung Bank held a press conference for the launch of "Taiwanese Business Investment, Sino-Fung Taoyuan" today (1st). Director Guo Yuxin of the Economic Development Bureau of the Taoyuan City Government and Senior Deputy General Manager of Sino-Fung Bank Lin Hongyang signed a memorandum of cooperation. They explained the operating mechanism of the Taoyuan City Government's "Taiwanese Business Return Group" and Sino-Fung Bank's "rooting financing plan". The city government and Sino-Fung Bank will establish a cooperative relationship to jointly assist Taiwanese businessmen to invest in Taiwan and promote industries to take root in Taoyuan.

The picture shows all the guests who participated in the Taiwanese investment and Yongfeng Taoyuan press conference. Picture: Fu Bingxiang

Director Kuo Yu-hsin said that Taoyuan was the first in Taiwan to establish a "Taiwanese Business Return Team" to quickly respond to and integrate the central ministries and city government bureaus. It operates as a single window to review the potential needs of enterprises to return to the country, grasp investment opportunities, and provide comprehensive integration services for enterprises. In order to encourage enterprises to return to Taiwan and invest locally, it cooperates with Wing Fung Bank to provide short, medium and long-term financing to assist enterprises in developing in Taoyuan and further promote economic growth. He pointed out that Taoyuan is located at the international airport, which flies to major cities in Asia such as Hong Kong, Shanghai, Tokyo, and Singapore. The average flight only takes 3 hours. The convenient "sea and air dual port" transportation effect makes Taoyuan a key city connecting global supply chains and markets; coupled with the growth of population and top talents Innovative cultivation, through cooperation on different platforms and multiple models, Asia Silicon Valley and the Internet of Things' future industrial clusters are complete and have various advantages. The main industrial clusters are complete and active, effectively gathering sufficient flow of people, money, information and smart logistics for local enterprises, driving Taoyuan to become the first choice for Taiwanese businessmen to take root. In response to the city government's policy of Taiwanese businessmen returning to Taiwan, SinoPac Bank plans to launch the "Taoyuan Financing Project" to provide corporate households in Taoyuan City that are eligible for the "Welcome Taiwanese Businessmen to Return to Taiwan Investment Action Plan" to assist in providing enterprises with medium and long-term financing, capital expenditures and operating working capital. Together, they will assist Taiwanese businessmen to return to Taiwan to take root in Taoyuan and invest in Taoyuan, increasing local economic momentum and strengthening the development strength of enterprises. For inquiries about Wing Fung Bank’s “Rooted Financing Project” or other financial services, please contact any branch of Wing Fung Bank in Taoyuan.

Vice President of Sino-Fung Bank Lin Hongyang said that the bank responded to the government's action plan to promote investment by welcoming merchants and signed a root financing project with the Taoyuan City Economic Development Bureau. It has initially planned a 30 billion yuan low-interest financing project. The loan application projects include the purchase of factories, machinery and equipment, working capital and other needs, with a maximum loan of 90%. The maximum period is 20 years, with a grace period of up to 3 years and an interest rate starting at 1.49%. He pointed out that Taoyuan City has convenient transportation and has become the first choice county for Taiwanese businessmen to return and take root. For this reason, the bank has launched a rooting financing project in cooperation with the Economic Development Bureau of the Taoyuan City Government to assist Taiwanese businessmen and promote the development of various industries. It is understood that SinoPac signed a green energy financing cooperation memorandum with Taoyuan City last year, focusing on the operational needs of large power consumers and enterprises. This year, it signed a corporate root financing project with the Economic Development Bureau again, and hopes to work with Taoyuan City to provide financing assistance for key industries such as smart logistics, self-driving cars, tourism, medical care, and aerospace.