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Mainland, Taiwan advised to beef up finance regulatory cooperation

  SHANGHAI, Dec. 21 (Xinhua) -- The Chinese mainland and Taiwan on Sunday were urged to start consultations as soon as possible on building a finance regulatory cooperation mechanism to cope with the global financial crisis.

  Kuomintang (KMT) Vice Chairman Tseng Yung-chuan announced a nine-point suggestion jointly proposed by participants to the 4th Cross-Straits Economic, Trade and Cultural Forum at its closing ceremony.

  The forum advised the two sides to actively cooperate to cope with the global financial crisis, promote cross-Straits financial cooperation, participate in each other's increasing domestic demand and infrastructure construction, beef up cooperation in service and fishery sectors, improve cross-Straits direct sea and air transport, and realize the normalization of cross-Straits economic ties and establish economic cooperation mechanism.

  Tseng said the suggestion pointed a good direction for cross-Straits trade and economic development and built a solid basis for mutual trust.