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Taiwan has imposed restrictions on foreign investment in corporate bonds in a move seen as an effort to curb speculation in the island’s currency.

The Financial Supervisory Commission (FSC) will cap overseas investors’ holdings of company debt and bank debentures at 30 percent of their Taiwanese securities from Wednesday, according to a document sent to lenders and obtained by Bloomberg News on Tuesday. Previously, there was no limit. Such buyers’ holdings of government bonds, money-market instruments, and derivatives are already restricted to 30 percent.

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