Taiwan will allow local companies to issue bonds denominated in Chinese yuan in order to provide them further sources of funds, the Financial Supervisory Commission said in a statement on its website yesterday.
Bonds would be issued in Hong Kong or through overseas banking units, the statement said. The regulator also plans to ease restrictions on Taiwanese asset managers’ investments in Chinese securities and allow local financial institutions to offer yuan-based products such as deposits and remittances, it said.
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