Minister of Finance Yen Chin-chang (顏慶章) said yesterday that there was no planned "second wave" to the takeover of grass-roots financial institutions over the weekend.
"Rumors that certain financial institutions with positive net worth but with capital adequacy ratio lower than 8 percent will be listed as the second wave target are incorrect," the finance ministry said in a statement on Sunday.
Yen said that the ministry would, on a regular basis, request financial institutions with weak financial situations to improve.
Local media reported over the weekend that some financial institutions with a positive net worth but with a capital adequacy ratio lower than 8 percent will become the target of a second wave of raids by the ministry. The finance ministry immediately denied the report.
"The financial reconstruction fund regulations stipulate that the target for the fund is those financial institutions with negative net worth, after adjustment by financial examination. All 36 grassroots financial institutions with negative net worth had been included [in the recent raid]."
The capital adequency ratio is a benchmark used by the financial sector to evaluate the soundness of a financial institution.
Despite the financial and social instability that they have created over the years, Chen Hsi-huang (
The 314 credit departments of the farmers' and fishermen's associations have been providing the agricultural community with services considered too trivial for banks to handle, Chen said.
The accumulated deposits at all credit cooperatives exceed NT$1.2 trillion, and the small loans extended by them amount to some NT$800 billion, Chen said.
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Six Taiwanese companies, including contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), made the 2025 Fortune Global 500 list of the world’s largest firms by revenue. In a report published by New York-based Fortune magazine on Tuesday, Hon Hai Precision Industry Co (鴻海精密), also known as Foxconn Technology Group (富士康科技集團), ranked highest among Taiwanese firms, placing 28th with revenue of US$213.69 billion. Up 60 spots from last year, TSMC rose to No. 126 with US$90.16 billion in revenue, followed by Quanta Computer Inc (廣達) at 348th, Pegatron Corp (和碩) at 461st, CPC Corp, Taiwan (台灣中油) at 494th and Wistron Corp (緯創) at
NEGOTIATIONS: Semiconductors play an outsized role in Taiwan’s industrial and economic development and are a major driver of the Taiwan-US trade imbalance With US President Donald Trump threatening to impose tariffs on semiconductors, Taiwan is expected to face a significant challenge, as information and communications technology (ICT) products account for more than 70 percent of its exports to the US, Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) president Lien Hsien-ming (連賢明) said on Friday. Compared with other countries, semiconductors play a disproportionately large role in Taiwan’s industrial and economic development, Lien said. As the sixth-largest contributor to the US trade deficit, Taiwan recorded a US$73.9 billion trade surplus with the US last year — up from US$47.8 billion in 2023 — driven by strong
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