Taiwan Banks Feel China's Squeeze

HONG KONG—Chinese companies searching for cheap cash have been turning to Taiwan’s banks, long the flush lenders in Asia, sending borrowing costs on the island surging to their highest levels in three years.
The move adds to evidence of a scramble for funding in China due to a clampdown on risky lending and shows how the squeeze is rippling beyond the mainland. For Taiwan banks, their higher lending costs leave them vulnerable at…

Read the original here: Taiwan Banks Feel China’s Squeeze