Taiwan Financial Firms Cut China Exposure by 20% to Record Low
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Taiwan’s financial institutions reduced their China exposure to a record low amid economic and political uncertainties, according to its top financial regulator.
Total exposure to China at Taiwanese banks, insurers and securities firms have dropped by 20% from a year earlier to about NT$1.35 trillion ($43.3 billion) at the end of September, according to Taiwan’s Financial Supervisory Commission.