Taiwan’s financial services companies reduced their exposure to China by 8.9% year-on-year to NTD1.02tr (USD31.41bn) at the end of last quarter, amid concerns over China's slowing economy and rising geopolitical risks, according to the Financial Supervisory Commission (FSC). Taiwanese banks led the reduction, cutting their combined exposure—across lending, investments, and interbank loans—to NTD936.161bn, the lowest level since the data was first tracked in 2013. Their exposure accounted for 20.3% of the sector’s net worth, marking the 24th consecutive quarterly decline. Taiwanese insurance companies also decreased investments in Chinese securities by 25.8% to NTD70.3bn, while securities and futures brokerages cut exposure by 9.67% to NTD14.207bn.