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Analysts said Taiwanese financial institutions were expecting too much from the cross-strait MOU that was expected to be signed this
Credit Suisse downgraded the nation’s major
financial service providers including Cathay Financial Holding Co (國泰金控)
after financial stocks overreacted to unrealistic expectations that the government would sign a memorandum of understanding (MOU)
with China similar to the one Hong Kong signed in 2003.
The financial index has climbed 51 percent since March 2,
compared with a 35 percent gain for the benchmark TAIEX,
largely because of liquidity and high expectations
that Taiwan and China would sign across-strait MOU,
Credit Suisse analyst Sarah Hung said in a report
- ?Lv 51 decade agoFavorite Answer