Taiwan insurers turn to foreign bonds after rule change

Relaxation of foreign asset classification drives increase in demand

Taipei, Taiwan

Taiwan insurers have fuelled a fivefold increase in the purchase of onshore-issued foreign-currency bonds, following a May regulatory change that means the securities are no longer considered overseas investments, according to figures from GreTai Securities Market (GTSM), the over-the-counter securities exchange.

Taiwan's legislature passed a bill in May that excludes locally issued foreign-currency bonds from insurers' overseas investment basket. The amount of overseas investments insurers can

To continue reading...