Taiwan

A Foxconn subsidiary acquired a stake in China’s Tsinghua Unigroup in July last year, without seeking regulatory approval.

Taipei Fubon Bank as the surviving entity will be Taiwan's third-largest bank by assets after Bank of Taiwan and CTBC Bank.

The recognition allows European financial institutions to apply the minimum risk weight of 2 percent for exposures to TAIFEX derivatives.

The amendments introduce fines up to TWD 50 million for market manipulation and the spreading of false information regarding housing prices.

TAIFEX will introduce customisable options contracts, extend central clearing to TWD-denominated NDFs, and build an ESG information platform for the futures market.

The export controls are aimed at preventing Taiwan's high-tech products from being used for military purposes.

Lawmakers are concerned that the growth of the BNPL sector could lead to a crisis similar to the 2005/2006 credit card crisis in Taiwan.

The fine is the highest ever imposed against a bank by the FSC for IT-related issues. The bank's president will also have his salary cut for three months.

The ESG IR platform provides free ESG information from domestic and foreign data providers for retail investors, institutional investors and issuers.

The central bank will incorporate weather factors in economic forecast models, use monetary policy to promote sustainable finance, and invest in green bonds.