Credit Suisse, a large international investment bank, was shocked by rumors that it was on the verge of bankruptcy. The outside world was worried that it might become the next Lehman Brothers. Whether Taiwan stepped on the thunder has attracted much attention. The Taipei Securities branch is currently operating normally, while the Investment Trust Fund has only invested in 5 tranches of Credit Suisse securities, with an exposure of about 608 million yuan.
The Securities and Futures Bureau pointed out that Credit Suisse has only one securities company in Taiwan, which is a small-scale securities brokerage business and a futures brokerage business. Its customers are all legal persons, and mainly domestic and foreign institutional investors. As of the end of August 2022, The securities brokerage market share of this branch is 1.439% (ranked 23rd among all franchised securities firms and 6th among foreign securities firms), and the market share of futures brokerage is 0.06%.
The Securities and Futures Bureau stated that the cash and cash equivalents of Credit Suisse branch at the end of August 2022 wereNew Taiwan Dollar 5.126 billion yuan, accounting for 34.66% of the branch’s total assets. In the first eight months of this year, the branch’s net profit before tax settlement was 469 million yuan, its own capital adequacy ratio was 2470%, and its current ratio was 158%. Credit Suisse Taipei Securities Co., Ltd. The branch said that the current operations of the branch have not been affected, and the Financial Supervisory Commission will continue to monitor the development of the branch’s financial and business conditions.
The Securities and Futures Bureau also checked the situation of domestic funds stepping on the thunder. As of the end of August 2022, investment trust funds invested in a total of 5 credit suisse securities, with an amount of about 608 million yuan, accounting for only 0.87% of the size of these funds, accounting for the overall investment credit 0.01% of the fund size of 4.80 trillion yuan, the impact is still limited.