Taiwan's CTBC Financial, China's CITIC Bank cancel move to invest in each other

Taiwan's CTBC Financial, China's CITIC Bank cancel move to invest in each other

Chinese Yuan notes. Photo: Reuters

Taiwan’s CTBC Financial Holdings, parent of Taiwan’s top credit card issuer, and Chinese state-backed lender China CITIC Bank Corp have canceled investments in each other amid fresh political tensions between the two countries.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter