Hints and tips:
...Tuesday’s deal between ICBC and Bank SinoPac, valued at about NT$20bn ($670m), comes just one day after Taiwan said it would relax some restrictions on Chinese investment into its financial sector, a key...
...In April, shortly after Taiwanese regulators lifted ownership caps on inward investment by Chinese banks, China’s ICBC announced plans to take a 20 per cent stake in Sinopac, one of Taiwan’s biggest banks...
...Promptly therefore, China’s ICBC announced plans to take a 20 per cent stake in Taiwan’s SinoPac (a deal which must still itself be approved by Taiwan’s regulators)....
...Taiwanese banks are certainly gunning for the business: Bank SinoPac is offering a three-month RMB savings product at 6.66 per cent interest, and First Commercial Bank 6.68 per cent, roughly double the norm...
...A day after regulators said they would lift the cap on mainland investment in the banking sector, Industrial and Commercial Bank of China announced plans to buy 20 per cent of Bank SinoPac, one of Taiwan...
...From JPMorgan’s Jing Ulrich: Having already loosened credit restrictions for SMEs, on November 31, China cut RRR by 50 basis points to 21% for commercial banks and 19% for small and medium sized banks....
...The signs for Taiwan experiencing slower economic growth were all already there: exports have been slowing, the central bank had decided to hold steady instead of hiking rates, and even Apple had not helped...
...Onshore funds typically offer 1.5 per cent in commission to banks while offshore funds can offer as much as 3 per cent, says Mario Chou, Taipei-based president of SinoPac Securities Investment Trust Company...
...Onshore funds typically offer 1.5 per cent in commission fees to banks while offshore funds can offer as much as 3 per cent, according to Mario Chou, Taipei-based president of SinoPac Securities Investment...
...For example, Bank SinoPac said it would take a third-quarter hit of $43m on its $350m of SIV holdings....
...“Big banks tend to have geographical limitations. If you are in the US, then you cover US stocks. But shipping is a very global business,” he says....
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