Taiwan Asks State Banks To Appropriately Handle China Exposure

Finance Minister Su Jain-rong says Taiwan has asked state-owned banks to appropriately handle their exposure to China, amid trade and political tensions between Taipei and Beijing. <br />Taiwan’s financial regulator earlier said that Taiwanese banks’ exposure to China had hit their lowest-ever level, at a time when China has been pressuring the self-ruled island militarily and diplomatically to accept Beijing’s sovereignty. <br />Su says State-owned banks have already been required to actively handle their China exposure appropriately.” <br />Taiwan’s big state-owned banks include Bank of Taiwan, Taiwan Cooperative Bank Ltd, and Land Bank of Taiwan Co Ltd.