| 英文摘要 |
The state of Taiwan’s financial sector reached a turning point in 2001- 2002. Since then, considerable progress has been made in improving the sector’s fundamental soundness. The process of merger and consolidation has picked up pace, reducing the number of financial institutions in the overcrowded market and helping to mitigate the problem of malignant competition. Financial institutions have also taken a vigorous approach to clearing bad loans, resulting in a dramatic fall in their NPL ratios. As financial soundness has improved and the market situation brightened, they have been able to increase their lending and investment, expand their business across the board, and strongly boost their profits.
As a whole, the financial market has been achieving steady gains in efficiency to match its improving fundamentals. The goal of our second phase of financial reforms is to develop Taiwan as a free, open, and efficient regional financial hub. |
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