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Mon, May 09, 2005 - Page 10　News List

Government reform plan hits bumps

FINANCIAL SERVICES The government's failure to sell its stake in Chang Hwa Bank does not bode well for its plan to spur the sector's consolidation

By Lisa Wang  /  STAFF REPORTER

What is more important, is that "we have no time to waste as Taiwanese banks will soon lose competitiveness to their counterparts in neighboring nations, which are expanding at a faster pace than local lenders," Lin said.

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