TAIPEI Amid political turmoil in financial hub Hong Kong, Taiwan is pitching investors its democracy, rule of law and high quality of life as the island aims to draw more foreign money and talent, Taiwan's top financial regulator said on Wednesday.
TAIPEI, July 13 Taiwan plans to enhance scrutiny
over investment from Hong Kong to prevent illicit money from
mainland China "infiltrating" its economy, after Beijing imposed
a new security law on the Asian financial hub, a source with
direct knowledge of the matter said.
TAIPEI Taiwan President Tsai Ing-wen said on Friday that market fundamentals were sound and there was no need for "excessive panic", after the island's bourse at one point plunged more than 7% amid global alarm over the coronavirus pandemic.
* State-backed banks buy stocks at government request -
TAIPEI Taiwan will act to stabilize the stock and foreign exchange markets, President Tsai Ing-wen said on Thursday, as markets there tumbled almost 6% on fears about the outbreak of the new coronavirus in China where 170 people have died so far.
* Ministry sees Feb volume in range of -1.4 pct y/y to -4.5
TAIPEI Taiwan's top financial regulator said it aims to send a high-level official to a private sector meeting in China next month where financial supervisory issues will be discussed, as Taipei seeks to maintain relations even as political ties have chilled.
TAIPEI Taiwan's Cathay Financial Holding Co is in exclusive talks to acquire the Malaysian unit of Canada's Bank of Nova Scotia, in a deal that could be valued at around $200 million to $300 million.
TAIPEI, June 16 Taiwan's financial regulator is
getting local banks to lower their exposure to China by clamping
down on the amount of yuan business they can conduct, two people
familiar with the matter told Reuters.
TAIPEI Apple Inc supplier Taiwan Semiconductor Manufacturing Co Ltd (TSMC) said silicon wafers were damaged at a plant in southern Taiwan where a quake hit early on Saturday, affecting no more than 1 percent of first-quarter shipments.