Reported 7 months ago
In response to the wealthy seeking to secure high interest rates, national banks in Taiwan are aggressively promoting offshore and dollar-denominated bonds, along with launching their own foreign currency bonds. The trading volume of offshore bonds has significantly increased among high-net-worth clients this year compared to last year. As banks prepare to meet client demand and promote Taiwan as a wealth management center, 12 banks have introduced enhanced wealth management services for clients with over 100 million NT dollars. Furthermore, with expectations of an interest rate cut by the Federal Reserve in September, banks are actively teaching clients how to purchase bonds to lock in profits.
Source: YAHOO