TaiwanÆs ICBC weighs offshore investment

International Commercial Bank of China in Taiwan is considering a modest increase in its treasury's investment in domestic and foreign equities, says Beth Wei Meei-yeh, senior executive vice president and general manager of the treasury department. The bank's assets are above NT$1 trillion ($29 billion), half in the form of loans (30% in New Taiwan dollars and 20% in dollars) and the rest in securities (10-20%) and time deposits (30-40%). Investments in bonds have increased over the…