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Taiwan’s CTBC Financial, China CITIC Bank cancel deals

TAIPEI/BEIJING (Reuters) – CTBC Financial Holdings, parent of Taiwan’s top credit card issuer, and Chinese state-backed lender China CITIC Bank Corp have cancelled investments in each other amid fresh cross-strait political tensions.

It is the first deal collapse since pro-independence Democratic Progressive Party (DPP) leader Tsai Ing-wen became president of Taiwan in May, but…

Source: Taiwan’s CTBC Financial, China CITIC Bank cancel deals – Asia Times

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