Reported 12 months ago
On July 3, 2024, FTNN News reported that the official announcement of China's punitive measures against Taiwan independence has drawn significant attention. During a legislative committee session in Taiwan, DPP legislator Lin Chu-yin raised concerns about the investment risks faced by the financial industry in China. Lin warned that Taiwan's 7 insurance companies and banks with investments in China could face high risks due to potential asset confiscation under the new regulations. The Financial Supervisory Commission has promised to discuss and address the situation. Lin urged financial institutions to reassess their investment strategies in China to ensure the safety and stability of Taiwan's financial industry in the current unfriendly cross-strait relations and China's economic downturn.
Source: YAHOO