Chien-Hua Wan

1 week ago | bloomberg.com | Yian Lee |Chien-Hua Wan

The logo of the Taiwan Central Bank at its headquarters building in Taipei, Taiwan. Photographer: I-Hwa Cheng/Bloomberg(Bloomberg) -- Taiwan’s central bank governor dismissed the possibility of being labeled a currency manipulator by the US Treasury. “I’m confident that Taiwan will not be labeled as a currency manipulator,” Yang Chin-long, governor of Taiwan’s central bank, said when reporting to lawmakers on Thursday.

1 week ago | news.bloombergtax.com | Chien-Hua Wan |Ruth Carson |Betty Hou

Two Taiwanese life insurers are taking opposite approaches to foreign-exchange hedging after a surge in the island’s currency put hundreds of billions of dollars of their US bond holdings under scrutiny. Fubon Life Insurance Co. has “enhanced” hedging as the biggest one-day surge in the currency since the 1980s threatened to erode the US dollar-denominated assets of Taiwanese companies. Taishin Life Insurance Co. said the rising costs of such protection has stayed its hands from adding more.

1 week ago | news.bloomberglaw.com | Chien-Hua Wan |Ruth Carson |Betty Hou

Two Taiwanese life insurers are taking opposite approaches to foreign-exchange hedging after a surge in the island’s currency put hundreds of billions of dollars of their US bond holdings under scrutiny. Fubon Life Insurance Co. has “enhanced” hedging as the biggest one-day surge in the currency since the 1980s threatened to erode the US dollar-denominated assets of Taiwanese companies. Taishin Life Insurance Co. said the rising costs of such protection has stayed its hands from adding more.

1 week ago | bloomberg.com | Chien-Hua Wan |Ruth Carson |Betty Hou

The challenge faced by Taiwan’s life insurers is grabbing global attention given their huge pile of US Treasuries and corporate debt, much of which is unhedged. Photographer: An Rong Xu/Bloomberg(Bloomberg) -- Two Taiwanese life insurers are taking opposite approaches to foreign-exchange hedging after a surge in the island’s currency put hundreds of billions of dollars of their US bond holdings under scrutiny.

1 week ago | bloomberg.com | Chien-Hua Wan |Miaojung Lin |Betty Hou

Signage for Department of the Treasury at the Taiwan Central Bank headquarters building in Taipei. (Bloomberg) -- Taiwan’s central bank said upward pressure on the local currency is easing but that it will monitor to ensure inflows are for investments and not speculation, while the insurance regulator said insurers have no solvency issues so far.