Banks' China lending, investment fall

Local banks’ combined lending and investment in China as of the end of June fell 6.4 percent to NT$1.46 trillion (US$52.3 billion) from NT$1.56 trillion a year earlier, Financial Supervisory Commission (FSC) data showed on Friday.
Bank of Taiwan (臺灣銀行) lowered its exposure to China to NT$50 billion from NT$81 billion a year earlier, the largest cut among all Taiwanese banks, pushing down its ratio of exposure to China from 22 percent a year earlier to 13 percent, the data showed.
The seven other state-run banks also slashed their exposure to the country.
Mega International Commercial Bank (兆豐銀行) reduced its exposure by NT$20

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