Taiex index rose for the eighth consecutive session yesterday(Dec.3).Large securities firms attributed the rally to major Taiwanese investors returning to the market in the guise of foreign investors,leading to marked increase of new ...
Tags: taiex index, FSC, levy of securities transaction gains tax
The policy of the Financial Supervisory Commission(FSC)encouraging domestic enterprises to float renminbi-denominated bonds at the offshore banking units(OBU)of domestic banks may come to a halt,due to disagreement of the Ministry of ...
Taiwan based underwriter TransGlobe Life Insurance (TGL) has emerged to be the winning bidder to acquire ailing Kuo Hua Life Insurance Co from the Taiwan government after reaching an agreement. Under terms of the deal, The Taiwan ...
Tags: TIGF, TGL, insurance, insurance company
Taipei, Nov. 8, 2012 (CENS)--The Ministry of Finance (MOF) and the Financial Supervisory Commission (FSC) reached a consensus at a meeting yesterday (Nov. 7) cutting the securities transaction tax for risk-hedging warrant transactions by ...
Taipei, Nov. 5, 2012 (CENS)--Pretax profits of Taiwan's 38 domestic banks totaled NT$196.1 billion (US$6.54 billion) in the first nine months for a sharp annual growth of 17.5% and are expected to exceed last year's NT$200 billion (US$6.67 ...
Related government agencies will integrate the resources of state banks and public funds, totaling NT$300 billion in scale, to bolster the languid stock market via coordinated investment strategy, according to the program for bolstering the ...
Tags: Gov't Funds, Investment Strategies
The offshore banking units (OBU) and overseas branches have become an increasingly important source of profits for Taiwanese banks, due to expanded loans and higher interest spread. Thanks to spike in U.S.-dollar loans for mainland Chinese ...
Tags: Mega Banks, OBU
The central government-level “task force for augmenting the efficacy of the operation of public funds” resolved yesterday (Nov. 21) requiring the labor pension fund and the labor insurance fund not to clear the positions for ...
Tags: Public Funds, Small-Cap Stocks
Taipei, Nov. 13, 2012 (CENS)--To cope with the implementation of the U.S. Foreign Account Tax Compliance Act (FATCA) next year, the Executive Yuan (the Cabinet) leans to adopt the proposal of the Financial Supervisory Commission (FSC), ...
Tags: FATCA, FSC, adopt proposal
Taipei, Nov. 14, 2012 (CENS)--The Financial Supervisory Commission (FSC) intervened yesterday (Nov. 13) in the plan of Jeffrey Koo Jr., chairman of Chinatrust Charity Foundation, to buy out Next Media Group, citing the principle for the ...
Tags: FSC, plan of Jeffrey Koo Jr, separation, business, industry
Taipei, Nov. 20, 2012 (CENS)--The Insurance Bureau, under the Financial Supervisory Commission (FSC), put forth yesterday (Nov. 19) seven major control measures for investments by insurance firms in realties, effective immediately, which ...
Tags: Insurance Bureau, insurance, FSC, control measure
Taipei, Nov. 20, 2012 (CENS)--Taiwan’s domestic banks held deposits of NT$28.05 trillion (US$935 billion) as of the end of August, up 5.8% year on year, with term deposits accounting for NT$12.72 trillion (US$424 billion) or 45%, ...
Tags: domestic bank, Financial Supervisory Commission, deposit
Taipei, Nov.21, 2012 (CENS)--AXA S.A, a French insurance group, which planned to set up a base in Taiwan for the third time, has decided to cease investments in Taiwan and transfer NT$2 billion (US$66.67 million) to other Asian countries. ...
Tags: AXA S.A, cease investments in Taiwan, Asian
Taipei, Nov. 21, 2012 (CENS)--The cross-Taiwan Strait financial exchanges will reach a new level, as Shan Fulin, chairman of China Banking Regulatory Commission (CBRC), is set to visit Taiwan by the end of this year. Guo Shuqing, chairman ...
Taipei, Nov. 19, 2012 (CENS)--The offshore banking units (OBUs) and overseas branches of domestic banks are expected to contribute over 30% of domestic banks’ profits this year, a new high in the wake of the global financial tsunami. ...
Tags: Taipei, overseas business, Taiwan business, FSC