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.
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.
Su says State-owned banks have already been required to actively handle their China exposure appropriately.”
Taiwan’s big state-owned banks include Bank of Taiwan, Taiwan Cooperative Bank Ltd, and Land Bank of Taiwan Co Ltd.