PrintBRIEF-Taiwan CBank: Seeking Confirmation of Foreign Fund Infows To Taiwan Stocks From Citi And Other Custodian Banks
BY Reuters | ECONOMIC | 07/04/25 05:19 AM EDTJuly 4 (Reuters) - Taiwan Central Bank:
* WE HAVE CONTACTED CUSTODIAN BANKS TO UNDERSTAND SITUATION REGARDING FOREIGN FUND INFLOWS AND THEIR INVESTMENT IN TAIWAN STOCKS
* WE WANT TO CONFIRM THAT FOREIGN INVESTORS' FUND INFLOWS ARE INVESTED IN TAIWAN STOCKS, AND THAT THEY SEND THE MONEY OUT OF TAIWAN AFTER SELLING STOCKS
* AS A GENERAL RULE, TAIWAN EXPORTERS CAN SELL THEIR U.S. DOLLAR HOLDINGS FOR UP TO $10 MILLION PER DAY
* WE WILL COMMUNICATE WITH CUSTODIAN BANKS NEXT WEEK AND IF FOREIGN INVESTORS' SELF-GOVERNANCE IS NOT UP TO PAR, WE'LL INTRODUCE APPROPRIATE MEASURES
* CUSTODIAN BANKS OF INQUIRY ARE HSBC, CITI, STANDARD CHARTERED, DEUTSCHE BANK Source text: Further company coverage: (Reporting by Liang-sa Loh and Faith Hung)
