Taiwan not planning new risk control for China property exposure

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Taiwan not planning new risk control for China property exposure
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Taiwan's top financial regulator has no plan to impose strengthened risk control rules for Taiwan banks and insurers exposed to the Chinese real estate market due to high loan loss provisions, two sources briefed on the matter said on Tuesday. China has been battling to contain a worsening property sector crisis, including a cash crunch for Country Garden, its top private developer, and revive a faltering recovery in the world's second-largest economy. Taiwan's Financial Supervisory Commission (FSC) has not recommended any additional measures to limit exposure risks for its lenders and insurers but is closely monitoring developments in China's real estate sector, the sources told Reuters.

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