TaiwanÆs ICBC weighs offshore investment

The bank is considering how to adapt to changing interest rates.

International Commercial Bank of China in Taiwan is considering a modest increase in its treasury's investment in domestic and foreign equities, says Beth Wei Meei-yeh, senior executive vice president and general manager of the treasury department

The bank's assets are above NT$1 trillion ($29 billion), half in the form of loans (30% in New Taiwan dollars and 20% in dollars) and the rest in securities (10-20%) and time deposits (30-40%)

Investments in bonds have increased over the past three years to take advantage of falling interest rates, and today securities provide higher returns than loans, which is new But since the US Federal Reserve's June federal open market committee meeting raised short-term rates, ICBC has...

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