Wed, May 17, 2006 - Page 12 News List

Bills finance firms face a tough year: Fitch

By Jackie Lin  /  STAFF REPORTER

The banking bureau is also in discussion with the commission's Securities and Futures Bureau on the possibility of allowing bills finance firms to underwrite equities, he added.

Despite a difficult operating environment, Fitch said the sector still has room to maneuver if companies could add new investments to lower the average costs of their holdings given that their bond holdings are generally not high.

At the end of last year, the sector's bond holdings totaled NT$641 billion, amounting to 4.7 times of their aggregate equity.

additional reporting by Amber Chung

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