Taiwan's Financial Chief Pushes Insurers to Reduce Reliance on US Dollars

Taiwan’s Top Regulator Wants to Wean Taiwan’s Insurers Off US Dollar Dependence

Peng Jin-lung, a former academic who now runs Taiwan’s powerful financial regulator, is taking aim at a decades-old investment model used by the island’s life insurance firms — one of the biggest pools of insurance capital in the world.

By Betty Hou and Echo Wong