September 26, 2022
Private Banker International recently published an article featuring Mark Williams, Master Lecturer of Finance, on bankers’ recent decisions as Chinese Taiwanese tensions increase.
Insurance companies and banks have been limiting their policies for investments to China and Taiwan with the recent increase in risk of conflict. U.S. firms have been analyzing their businesses in China through the prism of greater fears of an invasion of Taiwan. Mark highlights this point, adding that, “A sanctions war would significantly increase the cost of doing business and push US banks to rethink their China strategy.”
If U.S. companies choose to leave the Chinese markets after investing billions of dollars, there could also be significant financial repercussions.