BEIJING, Sept 13 (Reuters) - China announced details of its plan to turn coastal Fujian province into a zone for integrated development with Taiwan, touting benefits from increased cross-strait cooperation including financial market initiatives.
At the same time, Beijing envisions “reunification” at some point and persists in crafting long-term economic and social plans for Taiwan, promising gains from increased trade and investment.
The statement said Beijing would support innovative ways of cross-strait capital cooperation and encourage the setting up of an integration development fund, without further details.
While seeking to enhance access for Taiwanese investors, China will also create a more “relaxed” environment for cross-strait travel, according to the statement.
Strait Innovation Internet Co (300300.SZ), a state-controlled firm in Pingtan, China’s closest point to Taiwan island, saw its shares soar 20%, the daily upper limit.
Details of the Taiwan-Fujian development plan were announced just months before Taiwan goes to the polls in January to elect a new president for the next four years.
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