Reported 12 months ago
A proposal was made by a legislator to amend the insurance law in Taiwan, aiming to reduce the overseas investment cap for the insurance industry from the current 45% to 25%. If the law is passed, life insurance companies, holding assets up to 9 trillion New Taiwan Dollars, would have to immediately adjust their investments. The Financial Supervisory Commission is cautious about this proposed direction, emphasizing the potential impact of such a significant change in asset allocation. The discussion in the Legislative Yuan continues, with scrutiny on the potential effects of bringing back such large amounts of funds to Taiwan's economy and financial markets.
Source: YAHOO