Taiwan Government Urges Banks to Identify Speculators Violating New Regulations

Reported 12 months ago

Following the recent implementation of new property loan regulations, the Ministry of Finance in Taiwan has instructed public banks to quickly investigate high-risk cases to determine if any violations have occurred. The Ministry aims to have concrete results within one week and will take necessary actions against those found in breach. The measures are in response to concerns of property speculation and misuse of the 'New Qing'an' loan program, with new rules being introduced to prevent such activities and ensure compliance.

Source: YAHOO

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