RISE OF ASEAN:
Within the ASEAN bloc, holding companies were most exposed to Singapore with NT$360.73 billion, Indonesia with NT$347.39 billion and Vietnam with NT$325.51 billion.

Taiwan’s 16 financial holding companies had the most exposure to the United States in the fourth quarter of last year, for the 27th consecutive quarter, the Financial Supervisory Commission (FSC) said on Saturday.

U.S.-related loans and investments held by the country’s financial holding companies in the fourth quarter totaled NT$7.047 billion ($245.5 billion), including NT$6.350 billion in net investment, according to the data. commissions.

Financial holding companies had the second-largest exposure to the Chinese market at NT$2.45 trillion, the data showed.

Photo: AFP

Since the second quarter of 2015, when the commission began tracking the global holdings of Taiwanese financial firms, US market exposure has increased from NT$2.5 trillion to NT$7.047 billion, while the exposure to the Chinese market decreased slightly to NT$2.45 trillion. NT$2.5 trillion, according to the data.

China-related loans and investments held by financial holding companies have fallen sharply in recent months.

In the fourth quarter of last year, exposure to the Chinese market decreased by NT$54.54 billion compared to the third quarter, while net investment fell by NT$55.62 billion and loans nets fell by NT$26.71 billion, although interbank deposits and loans in the Chinese market increased by nearly NT. $30 billion, according to the data.

In the fourth quarter, investment in China by Taiwanese financial holding companies fell for the fourth consecutive quarter as authorities in Beijing took drastic measures to curb speculation in the technology sector and real estate, Lin Shih said. economist at the Taiwan Academy of Banking and Finance. says chieh (林士傑).

Investments in China by Taiwanese financial holding companies are expected to continue to decline this year amid growing fears that a spike in COVID-19 cases in China could hurt the country’s economic prospects, Mr. Linen.

At the end of last year, Taiwanese financial holding companies had the third largest exposure to the UK with NT$1.08 trillion, followed by France with NT$998 billion, Hong Kong with NT$931 billion. NT$, Japan with NT$858 billion and Australia with NT$770 billion. , the commission’s data showed.

As trade tensions between the United States and China continue to simmer, Taiwanese financial holding companies have shifted some of their focus to the ASEAN market, the commission said.

The exposure of financial holding companies to ASEAN member states at the end of last year stood at NT$1.720 billion, up from NT$720.26 billion at the end of 2015.

Among ASEAN member states, Taiwanese companies had the most exposure to Singapore with NT$360.73 billion, followed by Indonesia with NT$347.39 billion and Vietnam with $325.51 billion. NT.

In the ASEAN market, Singapore, Indonesia and Vietnam accounted for about 60% of corporate exposure, according to commission data.

At the end of last year, the holding companies had a total overseas exposure of NT$62.15 trillion, the data showed.

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