Taiwan OBU reform to ramp up demand for CNH products

Onshore banks also tipped to benefit from new approach

taipei-taiwan

Taiwan's structured product market rebounded last year with issuance up 70% on 2012 but products denominated in CNH, or offshore renminbi, made up only a small portion of these purchases; however reform of the country's rules on offshore investment will drive a significant upturn in yuan products, according to market players.

On January 28, Taiwan's Financial Supervisory Commission (FSC) relaxed restrictions on offshore banking units (OBUs) which were first introduced in 1983 and were originally

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