Cross-Straits monetary settlement in planning

The mainland is actively pushing forward the establishment of a cross-Straits monetary settlement mechanism, Fan Liqing, spokeswoman for the State Council Taiwan Affairs Office, said on Wednesday.

The mainland will support Xiamen, Fujian province, which faces Taiwan across the Straits, as a "first mover" to set up a regional financial service center to serve cross-Straits business, Fan said.

"That practice will be helpful to promote cross-Straits financial, economic and trade cooperation and exchanges, " she said.