Taiwan

Taiwanese finance companies bid for AIG's Nan Shan

Chinatrust Financial, Cathay Financial, Ruentex Group and Fubon Financial to bid for AIG's 97.57% stake in Nan Shan.

Taiwanese finance companies bid for AIG's Nan Shan

Chinatrust Financial, Cathay Financial, Ruentex Group and Fubon Financial to bid for AIG's 97.57% stake in Nan Shan.

Bank of Beijing and Taiwan Business Bank ink MOU

The TBB encourages its major clients in China to apply for $14.06mln loans from the BOB.

Chinatrust Financial to raise US$1.97bln via rights issue

The company mulls selling 3.35bln common shares to increase its working capital and strengthen its financial structure.

StanChart targets Taiwan`s top foreign bank spot

The lender aims to accomplish feat in 3-5 years time as it has recruited 100 more new employees.

Taiwan`s state-run banks expects downtrend in its mortgage lending

The central bank has directed banks to strictly screen mortgage applicants to help cool the soaring real estate market.

DBS Bank in Taiwan needs capital injection

DBS is the only bank that has yet to meet the $6.6mln capital requirement for foreign lenders.

TBB to assist Taiwanese enterprises in China

TBB will to promote personnel exchange and renminbi-based loans to Taiwanese enterprises in China. A MOU with the Bank of Beijing will be signed. According to the China Economic News Services, Taiwan Business Bank or TBB will set up a representative office in Shanghai by the end of this year. It may  be upgraded to branch a year later.   Mr. Peter T. C. Lo, chairman of TBB, indicated that financial institutions in China can obtain better profits than its counterparts in Taiwan since they see much higher interest rate gap of 5-6 percentage points. So, TBB will explore the financial market in China after inking the MOU with Bank of Beijing or BOB and establishing a foothold in Shanghai.

ADR facility to trigger US investments in Taiwan

 Unrestricted Level I ADR facilities for Taiwanese companies could greatly expand overseas investment opportunities in Taiwan, says BNY Mellon.

Chinatrust expects profit to soar to $344.5mln

Chinatrust might sign an MOU with the Bank of China for cooperation in financial services.

Chinatrust' Jeffrey Jr. Koo faces 9-year sentence

Ex-vice chairman charged with insider trading and banking regulation breaching over the firm's planned acquisition of Mega Financial.

Bank of Taiwan to offer Renminbi settlement

Customers can save about 1% in the cost of yuan settlement services.

China regulator backs application of 2 Taiwanese banks

CBRC enables upgrading into official branches Cathay United’s Shanghai and Hua Nan Commercial’s Shenzhen offices.

China Merchants applies for establishing Taiwan representative office

The Chinese bank seeks to open banking services in Taiwan under Economic Cooperation Framework Agreement.

Korean bank secures $262mln syndicated loan in Taiwan

17 participating banks were higher than what Kexim expected in fund raising initiative in Taiwan.

China Merchants’ application for Taiwan expansion postponed

Lender's less than 2 year branch in New York prompted Taiwan regulator to delay approval.

StanChart keen on Taiwan operations

Reinforces corporate, home lending, and wealth management operations as profit in first seven months reaches US$98.6mln.

Regulator allows Taiwanese banks to establish in China

Four lenders given license to set up Taiwanese branches behind CBRC’s promotion of cross-strait cooperation.