Taiwan clamps down on overseas investment

Taiwan's markets watchdog has revised rules on the investment by domestic insurers in certain overseas assets by introducing limits on their total investment in US government agency-issued mortgage-backed securities (MBSs).

Taiwanese insurers' investments in Fannie Mae, Freddie Mac and Ginnie Mae MBSs "will be limited to a maximum of 50% of the companies' foreign investment quota, and investments in any one single agency's paper would be limited to 25% of the total foreign investment quota", the

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