Is Taiwan using Singaporean entity to infiltrate China?

Taiwanese based Far Eastern International Bank, hopes to sell a stake to a strategically situated foreign power. This would enable the bank to help it to branch out in China.

The Chinese- language Economic Daily News reported today that DBS group holdings, Singapore’s biggest bank , may pay for a stake in the Taiwanese bank. DBS is “always on the lookout for organic and inorganic opportunities that are accretive to our shareholders, and which extend our Asian banking franchise,” company spokesperson Eileen Lau said.

A surge in cash card loans and bad credit caused a financial downward spiral within the bank that prevented a sale of a stake to outsiders.

Besides investing in China, the other reason the Taiwanese bank needs another player is the fact that the Taiwanese government does not permit it’s banks to open branches in China. The sole reason being an absence of a two way supervisory mechanism.

The question to ponder here is to whether Taiwan has an ulterior motive, that is to control and monopolise parts of China so as to gain financially and to control China from within. It’s not rocket science to comprehend that a power that has a overwhelming financial foothold on a country inevitably controls the country.

Is the Taiwanese government smokescreening it’s true intentions with permit that preaches the contrary?