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FSC to open dim sum market to Taiwanese banks
July 30, 2012
The overseas branches of Taiwanese banks will soon be able to invest in dim sum debt issued by Taiwanese companies. This will likely lead to further issuance in the offshore RMB market.
The Financial Supervisory Commission (FSC) will likely allow the offshore banking units (OBUs) of Taiwanese banks to invest in offshore renminbi (RMB) bonds raised by the country’s corporates, which will be positive for the banks and encourage further deals from...
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