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Edition: U.S. Article Save Email Print Reprints Most Popular Most Shared Six more U.S. banks closed 12:26am EST Obama surprises with Copenhagen summit decision 04 Dec 2009 Poland okays forcible castration for pedophiles 25 Sep 2009 Italian court hands Knox 26 years for Briton's murder | Video 04 Dec 2009 The FBI agent inside the Galleon case 04 Dec 2009 Six more U.S. banks closed 12:26am EST Obama to attend end of Copenhagen summit 04 Dec 2009 Somali sea gangs lure investors at pirate lair 01 Dec 2009 PPR raises $1.22 billion in CFAO IPO 02 Dec 2009 Yahoo sees exponential growth in mobile ads 03 Dec 2009 Taiwan's China-friendly party on test in local poll Ralph Jennings TAIPEI Fri Dec 4, 2009 9:57pm EST Related News UPDATE 3-ICBC in talks to buy stake in Cathay Fin -sources Wed, Dec 2 2009 China appeals to rival Taiwan with ancient treasures Tue, Dec 1 2009 U.S. pledges new arms sales to Taiwan Tue, Nov 24 2009 Taiwan concedes territorial waters near China Mon, Nov 23 2009 UPDATE 1-Q+A-Provisions, consequences of China-Taiwan trade deal Fri, Nov 13 2009 TAIPEI (Reuters) - Taiwan voters went to the polls Saturday to elect local officials in the first test of China-friendly President Ma Ying-jeou's popularity since he took power a year-and-a-half ago. World | China If Ma's Chinese Nationalist Party (KMT) holds its current majority or gains seats, it strengthens the president's already firm mandate to govern and adds momentum to his efforts to broker peace with China through trade pacts. "My sense is that China will be watching closely to see if Ma is a credible interlocutor," said Ralph Cossa, president of the U.S. think tank Pacific Forum CSIS. "Ironically, the worse that the KMT does, the more Beijing will likely be pushing for some sort of concessions since they could become increasingly concerned that the DPP will return to power sooner rather than later and will want to consolidate any cross-Strait improvement before then," he said. The main opposition Democratic Progressive Party (DPP) which held the presidency from 2000 to 2008, supports Taiwan's formal independence from China. Saturday's elections, involving 38 percent of the island's electorate, are to select county magistrates and city mayors, county and city councilors and township chiefs. Elections in major Taiwan cities and counties are due next year, and the next presidential race is in 2012. Authorities have arrested 150 people in a crackdown on vote buying and election-related violence, the Taiwan Justice ministry said Friday. If the opposition adds to the three seats it holds out of the 17 at stake in the elections, it would also indicate voters are upset over issues such as a perceived slow responses to a deadly August typhoon and the lifting of a ban on U.S. beef imports. China has claimed sovereignty over self-ruled Taiwan since 1949, when Mao Zedong's forces won the Chinese civil war and Chiang Kai-shek's KMT fled to the island. Beijing has vowed to bring Taiwan under its rule, by force if necessary. World China More from Reuters Six more U.S. banks closed WASHINGTON (Reuters) - Regulators seized six more U.S. banks on Friday, bringing the tally of failures to 130 this year as the bank industry continues to suffer under the weight of deteriorating loans. U.S. recovery appears firmer as unemployment drops GM Chairman Whitacre shakes up senior management Italian court hands Knox 26 years for Briton's murder | Video Rally may have legs, but beware of Scrooge Geithner: Can shift "substantial" bailout funds to jobs » More Top News special report: Most feared man on Wall St? FBI Special Agent B.J. Kang was there for the arrests of Bernie Madoff and Raj Rajaratnam. Who's next? According to court documents and industry sources, Kang may be focusing in on Steven Cohen and hedge fund SAC Capital Advisors. Full Article Video: FBI may be eyeing SAC capital Five facts about SAC Capital Advisors corporate crime Our new home We’ve rebuilt Reuters.com to make the site faster and easier to use, whether you want a quick glance at the top headlines or a longer deep dive into a topic that’s important to you. 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