Taiwan

It has 22 branches, outlets in Taipei, New Taipei City.

Is a faster and more efficient way of processing RMB.

How will banks benefit from it?

CTBC continues expansion into Japan.

The issue of currency depreciation has been discussing in Taiwan for a long time.This is because Korea has successfully depreciated Won assisting export to overtake Taiwan a few years ago.Why can't Taiwan Dollar (TWD) be depreciated in line with Korean Won?

Recognizes globalization of the renminbi.

The percentage is ahead of Asia Pacific’s other offshore RMB hubs.

Will not lose banking business to the FTZ.

Government easing investment regulations.

Agreement signed with ShinGinko Tokyo Ltd.

Will credit profiles be affected?

Taiwanese banks' level is low compared to peers.

Penalty was for accidentally leaking personal information.

Initially limited to 1,000 customers, however.

Outlook for the system remains stable.

Head of Financial Supervisory Commission in Taiwan has been replaced in July. In his inauguration speech, Mr. Tseng M.J. pointed out that cross boarder business development will be his priority for upgrading Taiwanese financial institutions.