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