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The decision to extend its currency exchange services is expected to bolster Kiwoom Securities' competitive position in the financial sector. The firm’s expansion into foreign exchange aligns with broader trends in the industry, where financial institutions are increasingly seeking to offer comprehensive solutions to meet evolving client needs.
China announces the issuance of 1 trillion yuan ultra long-term treasury bonds, including 20, 30, and 50-year securities. This move aims to diversify the bond market, attract long-term investors, and bolster China's position in global finance.
Taiwanese financial institutions, encompassing banks, insurance firms, securities, and investment trusts, achieved their second-highest aggregate profits in history, reaching NT$703.6 billion ($22.58 billion), a robust 46.71% increase from the previous year.