Factoring companies provide services such as trade financing and receivables management (similar to the factoring business in Taiwan), and financial leasing companies provide equipment leasing and financing.  Since these two businesses both provide financing services and in order to expand the operational synergy of Taiwan financial institutions, the FSC amended the “Regulations Governing Investments by Banks, Financial Holding Companies, and Their Affiliated Enterprises in China Finance-Related Enterprises Other Than Financial Institutions” on March 18, 2014, allowing a financial leasing company, the capital of which is US $30 million or more and is invested by a subsidiary company with 100% of total outstanding voting shares or capital directly or indirectly owned by a Taiwan bank or a financial holding company, to invest in a factoring company, provided that such factoring company is 100% owned by the financial leasing company.