Reported 12 months ago
Last month, the Taiwan Affairs Office issued opinions on punishing 'Taiwan independence', with severe penalties for those committing crimes of separatism, causing concern among the people due to the vague definitions. This has also raised concerns for financial industries investing in China. DPP legislator Lin Chuyin pointed out the high risks faced by 7 Taiwanese insurance companies and banks, prompting the FSC Chairman Pang Jinlong to admit this as a new operational variable and to closely monitor the situation. Lin highlighted the new law targeting 'Taiwan independence', with provisions for asset confiscation for violations. Companies like Cathay Life, Taiwan Life, Fubon Life, and others investing in Chinese insurance companies were mentioned. Pang assured that a detailed assessment will be conducted, also emphasizing the need for caution in investment strategies towards China amid the current economic and diplomatic climate.
Source: YAHOO