Taiwan

 

 

Taiwan’s Cross-Strait Common Market Foundation that the number of Taiwan banking institutions that are approved to set up China branches has grown to seven.

The lender wants to tap on Lee’s wealth of experience as executive in various Taiwanese banks.

Chinatrust Financial, Cathay Financial, Ruentex Group and Fubon Financial to bid for AIG's 97.57% stake in Nan Shan.

The TBB encourages its major clients in China to apply for $14.06mln loans from the BOB.

The company mulls selling 3.35bln common shares to increase its working capital and strengthen its financial structure.

The lender aims to accomplish feat in 3-5 years time as it has recruited 100 more new employees.

The central bank has directed banks to strictly screen mortgage applicants to help cool the soaring real estate market.

DBS is the only bank that has yet to meet the $6.6mln capital requirement for foreign lenders.

TBB will to promote personnel exchange and renminbi-based loans to Taiwanese enterprises in China. A MOU with the Bank of Beijing will be signed. According to the China Economic News Services, Taiwan Business Bank or TBB will set up a representative office in Shanghai by the end of this year. It may  be upgraded to branch a year later.   Mr. Peter T. C. Lo, chairman of TBB, indicated that financial institutions in China can obtain better profits than its counterparts in Taiwan since they see much higher interest rate gap of 5-6 percentage points. So, TBB will explore the financial market in China after inking the MOU with Bank of Beijing or BOB and establishing a foothold in Shanghai.

 Unrestricted Level I ADR facilities for Taiwanese companies could greatly expand overseas investment opportunities in Taiwan, says BNY Mellon.

Chinatrust might sign an MOU with the Bank of China for cooperation in financial services.

Ex-vice chairman charged with insider trading and banking regulation breaching over the firm's planned acquisition of Mega Financial.

Customers can save about 1% in the cost of yuan settlement services.

CBRC enables upgrading into official branches Cathay United’s Shanghai and Hua Nan Commercial’s Shenzhen offices.