Taiwan

Role of Taiwan's financial regulators to change

TAIWAN - Amid all the recent talk of possible consolidation in Taiwan's financial sector, relatively little attention has focused on what could prove the most important merger of all: that of the island's regulators.

Taipei plans new assets law

TAIWAN - Taiwan's finance ministry has drawn up legislation on the securitisation of financial assets, a reform widely seen as essential to the success of efforts to put collateral held by banks burdened by bad loans back into circulation.

China to unveil regulations on Taiwan operations

CHINA - After gathering opinions of Taiwanese companies, associations of Taiwanese-invested companies and other business-related groups, China's Cabinet is due to introduce the regulation of governing liaison office establishment of Taiwanese-invested…

Taiwan beefs up reserves

TAIWAN - Taiwan's foreign exchange reserves last month rose by US$983 million, month on month, to US$110.11 billion.

Central bank cuts rates in Taiwan

TAIPEI - Taiwan's short-term money rates ended lower on 18 May after the central bank aggressively cut interest rates yesterday, 17 May, and the banking system's daily reserves showed a surplus from the previous session.

CBC gov favours listing of Taiwan firms in China

Perng Fai-nan, governor of Taiwan's central bank, said on Mar 7, 2201 that he personally endorses Taiwanese manufacturers that have set up companies in mainland China to get listed on the mainland's stock markets for fundraising purposes.

Large value Taiwan note will not trigger inflation

The issuance of a new NT$2,000 note in July 2001 will not trigger inflation, a financial official said Feb 16, 2001. In an attempt to allay fears that the debut of the large-denominated note will accelerate inflation, Wu Shaw-chii, director-general of…

Taiwan's forex reserves up to $108.05bn in Jan '01

Taiwan's foreign exchange reserves at the end of January 2001 totalled US$108.05 billion, the first rally in seven months, statistics released on Feb. 7 by the Central Bank of China (CBC) showed. The CBC statistics revealed that the amount of Taiwan's…

Taiwan cuts interest rates to record lows

Taiwan's central bank made a surprise cut in its two key interest rates by a quarter of a point on Feb 1, bringing them to record lows to boost the island's flagging economy. It cut the discount rate to 4.375 percent and the accommodation with collateral…

Taiwan will adopt loose monetary policy

Taiwan central bank governor Perng Fai-nan said on Jan. 29, 2001, the bank would adopt an "appropriately loose" monetary policy, and would consider following suit if the U.S. cuts rates at the end of the month. The central bank would also fully supply…

Taiwan banks ordered to stop forex forward trading

Taiwan's central bank has ordered three foreign banks and one domestic bank, which were allegedly engaged in foreign currency manipulation, to suspend their foreign currency forward transactions, according to banking sources.

Taiwan mulls monetary policy framework change

Taiwan's Central Bank of China (CBC) governor Perng Fai-nan on Monday said the central bank is mulling adjusting its monetary policy-making framework. But Perng said it remains debatable whether an "inflation targeting" framework, which is adopted in New…

Taiwan cenbank warns speculators of potential risk

Taiwan central bank's abrupt easing of its efforts to defend the Taiwan dollar against the US dollar in yesterday's late trading session, has wrong-footed both institutional and individual speculators who tried to take advantage from the central bank's…

Taiwan BoP suffers from capital flight

After eight quarters in surplus, Taiwan's balance of international payments fell into deficit territory in the third quarter of this year as the result of a sharp fall in the capital account, the Central Bank of China revealed yesterday.

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