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INSURERS IN TAIWAN CAN RAISE O'SEAS INVESTMENT CEILING TO 45 PCT.
TAIPEI, March 3 Asia Pulse - The Cabinet-level Financial Supervisory Commission (FSC) announced Friday that insurance companies in Taiwan are now allowed to raise their overseas investment ceiling from the current 35 per cent of their total funds to 45 per cent in two stages within a period of two years.
The FSC said that an insurance company can apply to increase its investment abroad by 5 per cent in the first year and another 5 per cent in the second year.
Statistics show that Taiwan's life insurance companies currently ...
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