Taiwan

Especially if risks are not adequately mitigated.

Efforts have been made to promote consolidation.

Mortgage growth has been lukewarm since 2008.

Will it be risky for the banks?

Because of the subsidiary's China strategy role.

Partly because of their mainland China exposure.

Thanks partly to macroeconomic environment improvement.

From asset-liability mismatch in Renminbi.

US' RMB payments spiked 327%.

But it's the slowest rate compared to April.

Tighter margins loom in the horizon.

Asian Development Bank (ADB) announced recently that it has partnered with Standard Chartered Bank (SCB) on supply chain finance program (SCFP) in the amount of USD 800m to support Asian SMEs facing payment pressure from the big domestic buyers. It is a good news but the structure is not innovative at all.

This is for China Airlines.

They signed up for order routing.

That's in domestic and offshore banking units.

When I was requested for comment about the government deficit of Taiwan recently, I told my friends that instead of government deficit, they should focus on the debt ceiling which limits the borrowing capacity of the government. It is because that deficit needs to be balanced by borrowing eventually.