By: Liu Pei-cheng and Frances Huang
Taipei, Feb. 1 (CNA) The exposure to China of banks operating in Taiwan fell in the first 11 months of 2019 as China's economy showed signs of slowing, according to the Financial Supervisory Commission (FSC).
Data compiled by the FSC, the top financial regulator in Taiwan, showed the exposure of Taiwanese banks to China as of the end of November fell to NT$1.71 trillion (US$56.53 billion), down NT$62 billion from the end of 2018.
The decline consisted of a drop of NT$53.1 billion in bank loans, a decline of NT$5.1 billion in investments, and a fall of NT$7.1 billion in interbank loans, the data showed.
Chuang Shiu-yuan (莊琇媛), deputy director of the FSC's Banking Bureau, said China has been faced with downside risks, prompting the local banking sector here to tighten their lending policies.