Taiwan central bank governor says foreign investors remitted about US$10 billion out of Taiwan since early November
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What happened
At a Legislative Yuan session on November 10, Taiwan central bank governor Yang Chin-long said foreign investors had remitted roughly US$10 billion out of Taiwan since the beginning of November. Yang said the inflows and outflows were within normal ranges and were not evidence of a coordinated 'pump-and-dump' operation against Taiwan's financial markets.
Why it matters
A disclosed US$10 billion foreign-capital outflow over about 10 days is large enough to focus markets on the New Taiwan dollar, equity liquidity, and possible central bank smoothing operations. The governor's public rejection of market-attack claims also sets an official baseline for how authorities explain recent price and FX moves to investors and lawmakers.
Central Bank Governor Yang Chin-long told the Legislative Yuan on November 10 that foreign investors have remitted about US$10 billion out of Taiwan since the start of November. He said the flows reflect normal international profit reallocation rather than a deliberate market attack, and described current market conditions as normal. The statement creates a near-term policy and communications test for the central bank and finance authorities because the scale of outflows bears directly on exchange-rate stability, market confidence, and whether stronger smoothing operations or public guidance are needed.
Watch for
Central Bank of the Republic of China (Taiwan) release on 2026-11-12 or 2026-11-13 showing whether official foreign-exchange reserves changed in a way consistent with heavier smoothing operations Taipei foreign-exchange market closing data on 2026-11-12 and 2026-11-13 showing whether USD/TWD weakens further after Yang Chin-long's remarks Financial Supervisory Commission disclosure by 2026-11-13 on foreign investor net buy-sell figures for TWSE-listed shares and whether net selling persists Central Bank Governor Yang Chin-long or the Central Bank press briefing by 2026-11-13 clarifying intervention posture or repeating that outflows remain within normal ranges
Sources
- 央行：11月外資匯出百億美元 非養套殺目前狀況正常 · cna.com.tw
- 11月外資匯出逾100億美元 楊金龍：進出都算正常 非養套殺 · udn.com
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