Taipei goes global. (financial liberalization and Taiwan's banking industry)

Banker, The, April, 1997 by Engbarth, Dennis

Taiwan's local banks are gearing up for increased competition as a result of the country's economic liberalization and impending entry into the World Trade Organization. Chinatrust Commercial Bank Chmn. and CEO Jeffrey Koo Liensung claims that the smallest foreign banks operating in the country are bigger than Taiwan's largest bank. He also says that Chinatrust will focus on retail and investment banking to remain competitive.

Investment and international banking will form the focus of Taiwan's push to liberalise as it prepares for a greater role in world trade.

Taiwan's progress in financial liberalisation and the prospects of joining the World Trade Organisation promise to open the local market even wider to global competition.

This trend, and the rise of...

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