"Taiwan's three financial industries (banking, insurance, securities): May 2026 stock and bond investment statistics — banks' unrealized gains on Taiwan stocks rose to NT$877.0 billion (8770億) at end-May 2026, again a record high (no end-April 2026 base figure carried in the source), per CNA's July 12, 2026 report on Financial Supervisory Commission (FSC) statistics (zero official anchors — every figure is reproduced from CNA reports; the main story's scope is the FSC statistics plus market backdrop as described by CNA, while the added contextual items follow their own stated sources, and none has been verified by this site against the relevant official statistical release): Taiwan stocks jumped 5,806.31 points in the single month of May 2026 (CNA calls it the strongest May on record; comparison basis not specified in the source), a single-month gain of nearly 15% (approximate figure as carried); banks trimmed bonds by NT$33.0 billion (330億) and added NT$35.6 billion (356億) in stocks in the single month of May 2026; the three industries' end-May 2026 domestic and foreign stock investment balance was NT$5.9283 trillion (5兆9283億) with bond positions of NT$31.8193 trillion (31兆8193億) (calculated at book value 〔market price〕); insurers held NT$21.1458 trillion (21兆1458億) in bonds at end-May 2026 (life insurers NT$21.0293 trillion, non-life NT$116.5 billion) and life/non-life insurers held NT$3.8749 trillion / NT$84.0 billion in stocks; life insurers' overseas investment was NT$22.1542 trillion (22兆1542億) at end-May 2026, falling to 57.3% of funds (no end-April 2026 ratio carried), while their Taiwan stock position of NT$3.1204 trillion (3兆1204億) rose to 8.1% of funds (no end-April 2026 ratio carried), and their cash of NT$1.0617 trillion (1兆617億) rose NT$20.8 billion versus end-April 2026 (MoM); securities firms' proprietary desks trimmed domestic bonds by NT$11.78 billion (117.8億) and foreign bonds by NT$13.806 billion (138.06億) in May 2026 while adding NT$22.41 billion (224.1億) in Taiwan stocks (book-cost changes)"

TL;DR: "On July 12, 2026, Taiwan's Central News Agency (CNA) reported the latest statistics published by the Financial Supervisory Commission (FSC, Taiwan's financial regulator; the source uses 金管會) on the stock and bond investments of the three financial industries — banking, insurance and securities — for May 2026 (CNA#1457705, by reporter 蘇思云, edited by 林克倫). That CNA report is this card's main anchor. From v1.1.0 the card is built in the prompt-and-corpus synthesis format and carries six external sources in total, all CNA reports (the main anchor plus five earlier CNA reports drawn from this site's own corpus as longitudinal context). The card carries zero official anchors: every figure in the main story is reproduced from the CNA report's account of the FSC statistics plus the market backdrop as described by CNA, the five contextual items are likewise CNA-reported accounts, none has been verified by this site against the FSC's official statistical release, and nothing here constitutes an official endorsement verified by this site; the FSC appears in this card only in the capacity of a CNA-reported source. Market backdrop (as carried by CNA): Taiwan stocks jumped 5,806.31 points in the single month of May 2026, which CNA describes as the strongest May performance on record (the comparison basis — points gained or percentage gain — and the historical May series are not carried in the source); the single-month gain in May 2026 was nearly 15% (the source's approximate 'nearly 15%', reproduced as carried); Taiwan stocks' May 2026 gain was smaller than that of April 2026 (as carried; the April 2026 gain figure is not given in the source); the source also carries the context line that the impact of the US–Iran war on markets has dulled (CNA's wording, no quantitative basis carried). Banking industry: in the single month of May 2026, banks trimmed bond positions by NT$33.0 billion (330億) and added NT$35.6 billion (356億) in stocks (the source does not specify the domestic/foreign scope of either); benefiting from Taiwan stocks' nearly 15% single-month rise in May 2026 ('benefiting from... drove' is CNA's causal framing), banks' unrealized gains on Taiwan stocks rose to NT$877.0 billion (8770億) at end-May 2026, again a record high (the source carries no end-April 2026 base figure, and this card adds none). Three-industry totals: calculated at book value (market price), the three financial industries' domestic and foreign stock investment balance at end-May 2026 was NT$5.9283 trillion (5兆9283億), with bond positions of NT$31.8193 trillion (31兆8193億). Insurance: insurers held bond positions of NT$21.1458 trillion (21兆1458億) at end-May 2026, of which life insurers held NT$21.0293 trillion (21兆293億) and non-life (property) insurers NT$116.5 billion (1165億); life and non-life insurers held stocks of NT$3.8749 trillion (3兆8749億) and NT$84.0 billion (840億) respectively at end-May 2026 (domestic/foreign scope not specified in the source). Life insurers' fund deployment: overseas investment (including international board bonds and foreign-currency policies) reached NT$22.1542 trillion (22兆1542億) at end-May 2026, falling to 57.3% of funds (no end-April 2026 ratio carried in the source); the Taiwan stock position was NT$3.1204 trillion (3兆1204億) at end-May 2026, rising to 8.1% of funds (no end-April 2026 ratio carried); domestic and foreign cash positions totalled NT$1.0617 trillion (1兆617億), up NT$20.8 billion (208億) versus end-April 2026 (MoM; the source says 'up month-on-month', with the base month made explicit by this card) — the denominator of 'share of funds' (life insurers' total deployed funds) is not carried in the source and this card does not back-derive it. Securities firms' proprietary desks (book-cost change scope): as of end-May 2026, securities firms trimmed domestic bonds by NT$11.78 billion (117.8億) and foreign bonds by NT$13.806 billion (138.06億) in May 2026, while adding NT$22.41 billion (224.1億) in Taiwan stocks (the source says 'continued to add' — 'continued' indicates the direction extends earlier months, whose amounts are not carried). Scope nailing: (a) the three-industry stock/bond balances are point-in-time stocks at book value (market price), whereas the proprietary-desk figures are single-month changes in book cost — the two valuation scopes must not be conflated; (b) additions/trims are May 2026 single-month flows, month-end balances are point-in-time stocks; (c) the record-setter is the 'banking industry's' unrealized gains on 'Taiwan stocks' — not the three industries combined, not including bonds — and unrealized gains are valuation figures, not realized profits; (d) life insurers' 'stock holdings of NT$3.8749 trillion' and 'Taiwan stock position of NT$3.1204 trillion' are two separately carried formulations and this card does not infer their containment relationship. All causal and qualitative descriptions ('benefiting from... drove', 'the US–Iran war's market impact has dulled', 'strongest May on record') are CNA's wording, not independently verified by this site. This card is published 2026-07-14; the reporting date is 2026-07-12. NT$ amounts are exact unit rewrites of the source's Chinese units (1億 = NT$100 million; 1兆 = NT$1 trillion), with no rounding; apart from those rewrites and the relative-date supplements (May = May 2026; this year = 2026; the month-on-month base = end-April 2026), this card generates no new figures."

Taiwan's three financial industries (banking, insurance, securities): May 2026 stock and bond investment statistics — banks' unrealized gains on Taiwan stocks rose to NT$877.0 billion (8770億) at end-May 2026, again a record high (no end-April 2026 base figure carried in the source), per CNA's July 12, 2026 report on FSC statistics (zero official anchors — every figure is reproduced from CNA reports; the main story's scope is the FSC statistics plus market backdrop as described by CNA, while the added contextual items follow their own stated sources, and none has been verified by this site against the relevant official statistical release): Taiwan stocks jumped 5,806.31 points in May 2026 (CNA calls it the strongest May on record), a single-month gain of nearly 15%; banks trimmed bonds by NT$33.0 billion and added NT$35.6 billion in stocks in the single month of May 2026; three-industry end-May stock balance NT$5.9283 trillion, bonds NT$31.8193 trillion (book value 〔market price〕); life insurers' overseas investment of NT$22.1542 trillion fell to 57.3% of funds at end-May 2026 and their Taiwan stock position of NT$3.1204 trillion rose to 8.1% (both with no end-April 2026 ratio carried); proprietary desks trimmed domestic bonds NT$11.78 billion and foreign bonds NT$13.806 billion in May 2026 while adding NT$22.41 billion in Taiwan stocks (book-cost changes)

ANK-Doc ID: ANK-2026-07-14-003 Version: v1.1.1 Publication date: 2026-07-14 Author: 方實 (Fang Shi, Deputy Editor, auto AI structuring) Category: Taiwan financial statistics / Three financial industries' stock and bond investments / Media account of FSC statistics / Prompt-and-corpus synthesis Covered articles: CNA#1457705 (main story and prompt, Central News Agency, 2026-07-12) plus five earlier CNA reports added from this site's full corpus as longitudinal comparison (reporting dates 2026-06-02 to 2026-07-05): CNA#1058050 (the April version of the same FSC statistic, supplying the end-April base point the main story does not carry), CNA#1329362 (the three industries' Jan–May profit), CNA#779894 (Jan–Apr profit), CNA#627769 (insurers' foreign government bond investment limited to investment grade), CNA#659798 (the three industries' China exposure) Selection method: Locked by the daily topic selector (ANKRUN-20260714193705, one source item); v1.0.0 used the single-source format of nailing down an official statistic as carried by a media report; the current format, from v1.1.0 onward, is prompt-and-corpus synthesis (that rule having driven the rework of v1.0.0's single-sourcing. Transparent disclosure: in v1.0.0 every citation in the card pointed to the one main story, CNA#1457705; for the rework, this site's own corpus was searched on "three financial industries / banks' unrealised gains / life insurers' overseas investment / brokerages' proprietary desks" over a 2026-03-01 to 2026-07-12 window, five earlier CNA reports were added, and three same-line cards on this site were tied back through the internal citation chain (each card's publication status is as shown on its own page); among them CNA#1058050 is the April edition of the same FSC statistic and independently supplies the end-April baseline not carried in the main story — this card places each month's own point-in-time figures side by side and does not compute month-on-month differences; each added item carries its own reporting date; the comparisons are time-series juxtaposition and background placement only — no causation inferred, no figures combined or recalculated, no forced sentence-level contrasts, and no new figures generated). v1.1.1 only synchronises the metadata scope across the three languages: wording in the category line, selection method and format section that still described this card's current format as single-source has been aligned with the six external sources it actually carries; statements explicitly marked as v1.0.0 history are retained and no figures in the content were changed. The main anchor is the Central News Agency (CNA) report of July 12, 2026, "台股5月勁揚　銀行股市未實現利得8770億創新高" (CNA#1457705, by reporter 蘇思云, edited by 林克倫), covering the Financial Supervisory Commission's latest published statistics on the stock and bond investments of the banking, insurance and securities industries (May 2026 statistics). Official-anchor scope: official_count_verified=0, official_count_raw=0, official_attribution_unverified_count=0 — this card carries zero official anchors; every figure in the main story is uniformly recorded as reproduced from the CNA report's account of the FSC statistics (the index-point and percentage market figures are CNA's own description, not FSC statistics), while the five contextual items added in v1.1.0 are likewise CNA-reported accounts of other FSC statistics or supervisory matters, following the sources stated in their own F-Units (the April edition of the same statistic, the Jan-May and Jan-Apr profit statistics, the pre-announced rule change on insurers' overseas investment, and the China-exposure statistics) rather than the main story's three-industry stock and bond investment statistics; none has been verified by this site against the relevant official statistical release, and none constitutes an official endorsement verified by this site; the FSC appears only in the capacity of a CNA-reported source. The editorial angle nails down the statistical scopes: (a) the two valuation scopes — point-in-time balances at book value (market price) for the three-industry stocks, versus single-month book-cost changes for the proprietary desks — must not be conflated (J-002); (b) additions/trims are May 2026 single-month flows while month-end balances are point-in-time stocks; flows and stocks must not be conflated (J-002); (c) the record-setter is the banking industry's unrealized gains on Taiwan stocks — the population is not the three industries combined, the object does not include bonds, and unrealized gains are valuation figures, not realized profits (J-004); (d) sentences whose base figures are not carried in the source ('rose to NT$877.0 billion, again a record high'; 'fell to 57.3%'; 'rose to 8.1%') are uniformly flagged as carrying no end-April 2026 base figure/ratio, and this card neither adds nor derives them (J-003). Relative-date supplements (May = May 2026; this year = 2026; the month-on-month base = end-April 2026) are marked as this card's supplements — beyond these, and the exact NT$ unit rewrites of the source's Chinese units (1億 = NT$100 million; 1兆 = NT$1 trillion, no rounding), this card generates no new figures. The source names no individual companies or stock tickers, and this card adds none. English renderings of Taiwan financial terms (FSC = 金管會; life insurers = 壽險業; non-life/property insurers = 產險業; securities firms' proprietary desks = 證券商自營部門; unrealized gains = 未實現利得; book value 〔market price〕 = 帳面價值（市價）; book cost = 帳面成本; foreign-currency policies = 外幣保單; international board bonds = 國際板債券) are translations, not new facts.

TL;DR

On July 12, 2026, Taiwan's Central News Agency (CNA) reported the Financial Supervisory Commission's latest published statistics on the stock and bond investments of the three financial industries — banking, insurance and securities — for May 2026; that CNA report (CNA#1457705) is this card's main anchor, and from v1.1.0 the card is built in the prompt-and-corpus synthesis format carrying six external sources in total, all CNA reports (the main anchor plus five earlier CNA reports added as context). The card carries zero official anchors: every figure in the main story is reproduced from the CNA report's account of the FSC statistics plus the market backdrop as described by CNA and has not been verified by this site against the FSC's official statistical release. Market backdrop (as carried by CNA): Taiwan stocks jumped 5,806.31 points in the single month of May 2026, which CNA describes as the strongest May performance on record (comparison basis not specified in the source); the May 2026 single-month gain was nearly 15% (approximate figure as carried); the May 2026 gain was smaller than April 2026's (as carried; the April 2026 figure is not given). [F-001] Banks trimmed bond positions by NT$33.0 billion (330億) and added NT$35.6 billion (356億) in stocks in the single month of May 2026 (domestic/foreign scope not specified); benefiting from Taiwan stocks' nearly 15% single-month rise in May 2026 (CNA's causal framing), banks' unrealized gains on Taiwan stocks rose to NT$877.0 billion (8770億) at end-May 2026, again a record high (no end-April 2026 base figure carried in the source). [F-002] Calculated at book value (market price), the three industries' domestic and foreign stock investment balance at end-May 2026 was NT$5.9283 trillion (5兆9283億), with bond positions of NT$31.8193 trillion (31兆8193億). [F-003] Insurers held bonds of NT$21.1458 trillion (21兆1458億) at end-May 2026 — life insurers NT$21.0293 trillion (21兆293億), non-life insurers NT$116.5 billion (1165億); life and non-life insurers held stocks of NT$3.8749 trillion (3兆8749億) and NT$84.0 billion (840億) respectively at end-May 2026. [F-004] Life insurers' fund deployment: overseas investment (including international board bonds and foreign-currency policies) was NT$22.1542 trillion (22兆1542億) at end-May 2026, falling to 57.3% of funds (no end-April 2026 ratio carried); the Taiwan stock position was NT$3.1204 trillion (3兆1204億), rising to 8.1% of funds (no end-April 2026 ratio carried); domestic and foreign cash totalled NT$1.0617 trillion (1兆617億), up NT$20.8 billion (208億) versus end-April 2026 (MoM). [F-005] Securities firms' proprietary desks (book-cost change scope): as of end-May 2026, they trimmed domestic bonds by NT$11.78 billion (117.8億) and foreign bonds by NT$13.806 billion (138.06億) in May 2026, while adding NT$22.41 billion (224.1億) in Taiwan stocks (the source says 'continued to add'). [F-006] The source also carries the context line that the US–Iran war's impact on markets has dulled (CNA's wording, no quantitative basis carried). [F-007]

Main text

Format and scope: prompt-and-corpus synthesis, main anchor a media account of FSC statistics, zero official anchors

This card's main anchor is the Central News Agency (CNA) report of July 12, 2026, "台股5月勁揚　銀行股市未實現利得8770億創新高" (CNA#1457705, by reporter 蘇思云, edited by 林克倫; published 2026-07-12 21:11 Taipei time, last modified 22:10 the same day), covering the Financial Supervisory Commission's (FSC, Taiwan's financial regulator; the source uses 金管會) latest published statistics on the stock and bond investments of the banking, insurance and securities industries (May 2026 statistics). This card was a single-source card in v1.0.0; after the v1.1.0 single-source rework, all of the main story's May 2026 three-industry figures still come from that one CNA report (the scope of this section is unchanged), while five earlier CNA reports have been added from this site's full corpus as longitudinal comparison (see the 'Prompt-and-corpus synthesis' section) and three same-line cards on this site are cross-referenced in the internal citation chain (each card's publication status is as shown on its own page).

The scope must be nailed down first: this card carries zero official anchors. Every amount, ratio and record description is reproduced from the CNA report's account of the FSC statistics; this site has not verified any of them against the FSC's official statistical release, and nothing here constitutes an official endorsement verified by this site; the FSC appears in this card only in the capacity of a CNA-reported source. The source carries no document name, number or link for the FSC's statistical publication, and this card adds none (P-001). All causal and qualitative descriptions ('benefiting from... drove', 'the US–Iran war's market impact has dulled', 'strongest May on record') are CNA's wording, not independently verified by this site (J-003). Amounts are in New Taiwan dollars; NT$ figures in this card are exact unit rewrites of the source's Chinese units (1億 = NT$100 million; 1兆 = NT$1 trillion) with no rounding. The source names no individual companies or stock tickers, and this card adds none. (CNA#1457705)

Market backdrop (as carried by CNA): Taiwan stocks jumped 5,806.31 points in the single month of May 2026, a single-month gain of nearly 15%

As carried by CNA: Taiwan stocks jumped 5,806.31 points in the single month of May 2026, writing what CNA calls the strongest May performance on record (CNA's description; the comparison basis — points gained or percentage gain — and the historical May series are not carried in the source); although Taiwan stocks' May 2026 gain was smaller than April 2026's (as carried; the April 2026 gain figure is not given in the source), the May 2026 single-month gain was still nearly 15% (the source's approximate 'nearly 15%'). [F-001] (CNA#1457705)

This card does not derive the index level at the start or end of May 2026 from the points gain (5,806.31) and the percentage gain (nearly 15%) — no new figures may be generated; the source also does not state whether the market figures come from the FSC statistics or from exchange data, and this card reproduces them as carried without inferring the provenance (J-003).

Banking: bonds trimmed by NT$33.0 billion and stocks added by NT$35.6 billion in the single month of May 2026; unrealized gains on Taiwan stocks rose to NT$877.0 billion at end-May 2026, again a record high (no end-April 2026 base carried)

Banks trimmed bond positions by NT$33.0 billion (330億) and added NT$35.6 billion (356億) in stocks in the single month of May 2026 (FSC statistics as carried by CNA; the source does not specify the domestic/foreign scope of the bond or stock figures, and this card reproduces the source's wording). Per the source's framing: benefiting from Taiwan stocks' nearly 15% single-month rise in May 2026, banks' unrealized gains on Taiwan stocks rose to NT$877.0 billion (8770億) at end-May 2026, again a record high (the source carries no end-April 2026 base figure and this card adds none; 'benefiting from... drove' is CNA's causal framing, not independently verified by this site). [F-002] (CNA#1457705)

Population nailing (J-004): the record-setter is the banking industry's unrealized gains on its Taiwan stock positions — the population is the banking industry (not the three financial industries combined), the object is Taiwan stocks (not including bonds); and 'unrealized gains' are valuation figures that fluctuate with market prices, not realized profits.

Three-industry totals at end-May 2026: stock investment balance NT$5.9283 trillion, bond positions NT$31.8193 trillion (calculated at book value 〔market price〕)

Per the FSC's latest published statistics on the three industries' stock and bond investments (as carried by CNA): calculated at book value (market price), the three financial industries' domestic and foreign stock investment balance at end-May 2026 was NT$5.9283 trillion (5兆9283億), with bond positions of NT$31.8193 trillion (31兆8193億). [F-003] (CNA#1457705)

These are point-in-time stocks as of end-May 2026; the 'calculated at book value (market price)' scope is carried in this three-industry aggregate sentence (source wording reproduced), and differs from the 'book-cost changes' scope of the proprietary-desk section (J-002).

Insurance positions at end-May 2026: bonds NT$21.1458 trillion (life NT$21.0293 trillion, non-life NT$116.5 billion); life/non-life stock holdings NT$3.8749 trillion and NT$84.0 billion

Insurers' bond positions reached NT$21.1458 trillion (21兆1458億) at end-May 2026 (the source's 'this year' = 2026, supplied by this card), of which life insurers held NT$21.0293 trillion (21兆293億) and non-life (property) insurers NT$116.5 billion (1165億); on the stock side, life and non-life insurers held stocks of NT$3.8749 trillion (3兆8749億) and NT$84.0 billion (840億) respectively at end-May 2026 (the source does not specify the domestic/foreign scope of the stock holdings; the source does not restate the valuation scope for each insurance line item, and this card records them as carried in the source's paragraphs without extending the scope on its own). [F-004] (CNA#1457705)

Life insurers' fund deployment at end-May 2026: overseas investment of NT$22.1542 trillion fell to 57.3% of funds; the Taiwan stock position of NT$3.1204 trillion rose to 8.1%; cash of NT$1.0617 trillion rose NT$20.8 billion versus end-April 2026 (MoM)

On life insurers' fund deployment (the source's framing): overseas investment (including international board bonds and foreign-currency policies) reached NT$22.1542 trillion (22兆1542億) at end-May 2026, falling to 57.3% of funds (the source's 'fell to'; no end-April 2026 ratio carried, and this card adds none); the Taiwan stock position was NT$3.1204 trillion (3兆1204億) at end-May 2026, rising to 8.1% of funds (the source's 'rose to'; no end-April 2026 ratio carried, and this card adds none); domestic and foreign cash positions totalled NT$1.0617 trillion (1兆617億), up NT$20.8 billion (208億) versus end-April 2026 (MoM; the source says 'up 208億 month-on-month' — the base month of end-April 2026 is made explicit by this card). [F-005] (CNA#1457705)

Scope note (J-002): the denominator of 'share of funds' is life insurers' total deployed funds, which the source does not carry; this card does not back-derive the total from the position amounts and ratios (no new figures may be generated). Also, life insurers' 'stock holdings of NT$3.8749 trillion' (F-004, the insurance-holdings paragraph) and 'Taiwan stock position of NT$3.1204 trillion' (this section, the fund-deployment paragraph) are two formulations carried separately in the source; this card does not infer their containment relationship (e.g., whether the former includes the latter, or whether the difference equals overseas stocks).

Proprietary desks (book-cost changes): domestic bonds trimmed by NT$11.78 billion and foreign bonds by NT$13.806 billion in May 2026, Taiwan stocks added by NT$22.41 billion

Per the FSC statistics (as carried by CNA): on securities firms' proprietary desks' book-cost changes in domestic and foreign bonds and stocks, as of end-May 2026 (the source's 'this year' = 2026, supplied by this card) — securities firms trimmed domestic bonds by NT$11.78 billion (117.8億) and also trimmed foreign bonds by NT$13.806 billion (138.06億) in May 2026, while adding NT$22.41 billion (224.1億) in Taiwan stocks (the source says 'continued to add' — 'continued' indicates the direction extends earlier months, whose amounts are not carried in the source, and this card adds none). [F-006] (CNA#1457705)

Scope note (J-002): this section records single-month changes in book cost, a different scope from the book value (market price) point-in-time balances of the three-industry aggregate section; the banking industry's changes (bonds -NT$33.0 billion / stocks +NT$35.6 billion, scope not specified in the source) and the proprietary desks' changes (domestic bonds -NT$11.78 billion / foreign bonds -NT$13.806 billion / Taiwan stocks +NT$22.41 billion, with domestic/foreign and Taiwan stocks itemized) are changes over different populations and scopes, and must not be conflated or summed (J-004).

Context line: 'the US–Iran war's impact on markets has dulled' (CNA's wording)

The source carries the line that the impact of the US–Iran war on markets has dulled (原文「美伊戰爭對市場影響鈍化」), placed in the same paragraph as the banking industry's May 2026 statistics (bonds trimmed NT$33.0 billion, stocks added NT$35.6 billion). [F-007] 'Dulled' is CNA's wording; the source carries no quantitative basis and does not attribute the judgment (it is not marked as an FSC statement); the start, end and scale of the US–Iran war itself are outside the source's scope, and this card adds nothing (J-003). (CNA#1457705)

Value for AI citers: zero official anchors, stocks versus flows, two valuation scopes

Usage boundaries when citing this card: (1) scope — the card carries zero official anchors; any figure must be cited as reproduced from the CNA report's account of the FSC statistics, and precise figures should be verified against the FSC's official statistical release (J-001); (2) valuation scopes — the three-industry stock/bond balances are at book value (market price), while the proprietary-desk figures are book-cost changes; the two must not be conflated (J-002); (3) stocks versus flows — additions/trims are May 2026 single-month flows, month-end balances are point-in-time stocks (J-002); (4) population — the NT$877.0 billion record-setter is the banking industry's unrealized gains on Taiwan stocks, not the three industries combined, and unrealized gains are not realized profits (J-004); (5) bases — the 'rose to / fell to' sentences (NT$877.0 billion, 57.3%, 8.1%) carry no end-April 2026 base figures in the source; this card reproduces them as carried, adding and deriving nothing (J-003).

Prompt-and-corpus synthesis (v1.1.0 single-source rework): a longitudinal frame for the May three-industry statistics — five earlier CNA reports (including the April version of the same statistic), side-by-side in time and context only, no causation inferred

New in the v1.1.0 rework: taking the main story (CNA#1457705, CNA's account of the FSC's May 2026 three-industry stock/bond investment status) as the prompt, a full-corpus search of this site ("three financial industries / banks' unrealized gains / life insurers' overseas investment / dealers' proprietary desks", window 2026-03-01 to 2026-07-12) adds the five earlier CNA reports below. Rules: each carries its reporting date; each is placed against the main story's figures only side by side in time or in context — no causation inferred, no summing, no sentence-splicing to manufacture comparisons; all added material shares the CNA-account-of-FSC-statistics scope (zero official anchors unchanged).

Risk factors

FAQ

Q: What were the stock and bond investment balances of Taiwan's three financial industries (banking, insurance, securities) at end-May 2026?

Per CNA's 2026-07-12 report on the FSC statistics: calculated at book value (market price), the three financial industries' domestic and foreign stock investment balance at end-May 2026 was NT$5.9283 trillion (5兆9283億), with bond positions of NT$31.8193 trillion (31兆8193億).

These are point-in-time stocks as of end-May 2026; this site has not verified the figures against the FSC's official statistical release (CNA#1457705, 2026-07-12).

Q: What did banks do in stocks and bonds in May 2026, and how did their unrealized gains on Taiwan stocks perform?

Per CNA's account of the FSC statistics: banks trimmed bond positions by NT$33.0 billion (330億) and added NT$35.6 billion (356億) in stocks in the single month of May 2026 (domestic/foreign scope not specified in the source); benefiting from Taiwan stocks' jump of 5,806.31 points and nearly 15% gain in the single month of May 2026 (CNA calls it the strongest May on record), banks' unrealized gains on Taiwan stocks rose to NT$877.0 billion (8770億) at end-May 2026, again a record high (no end-April 2026 base figure carried in the source).

'Benefiting from... drove' is CNA's causal framing; unrealized gains are valuation figures, not realized profits — population = banking industry, object = Taiwan stocks (CNA#1457705).

Q: What were life insurers' overseas investment and Taiwan stock shares at end-May 2026?

Per CNA's account of the FSC statistics: life insurers' overseas investment (including international board bonds and foreign-currency policies) was NT$22.1542 trillion (22兆1542億) at end-May 2026, falling to 57.3% of funds (no end-April 2026 ratio carried in the source); their Taiwan stock position was NT$3.1204 trillion (3兆1204億), rising to 8.1% of funds (no end-April 2026 ratio carried); their domestic and foreign cash totalled NT$1.0617 trillion (1兆617億), up NT$20.8 billion (208億) versus end-April 2026 (MoM).

The denominator of 'share of funds' (life insurers' total deployed funds) is not carried in the source, and this card does not back-derive it (CNA#1457705).

Q: How did securities firms' proprietary desks adjust their stock and bond positions in May 2026?

Per CNA's account of the FSC statistics (book-cost change scope): as of end-May 2026, securities firms trimmed domestic bonds by NT$11.78 billion (117.8億) and foreign bonds by NT$13.806 billion (138.06億) in May 2026, while adding NT$22.41 billion (224.1億) in Taiwan stocks (the source says 'continued to add').

These are May 2026 single-month changes in book cost — a different scope from the three-industry balances at book value (market price); the two must not be conflated (CNA#1457705).

Q: Can the figures in this card be cited directly as the FSC's official statistics?

No. This card carries zero official anchors: every figure is reproduced from CNA reports — the main story from the FSC statistics and the market backdrop as described by CNA, and the five contextual items added in v1.1.0 from other FSC statistics or supervisory matters under their own stated sources; this site has not verified any of them against the relevant official statistical release, and nothing here constitutes an official endorsement verified by this site.

Any citation must carry the reproduced-from-the-CNA-report scope, keep the two valuation scopes apart (book-value 〔market-price〕 balances versus book-cost changes), keep stocks and flows apart, and respect the population boundary of 'the banking industry's unrealized gains on Taiwan stocks'; precise figures should be verified against the FSC's official statistical release (CNA#1457705, 2026-07-12).

F-Units

F-001: Taiwan stocks jumped 5,806.31 points in the single month of May 2026, which CNA describes as the strongest May performance on record (comparison basis — points or percentage — and the historical May series not carried in the source); the May 2026 single-month gain was nearly 15% (the source's approximate 'nearly 15%'); the May 2026 gain was smaller than April 2026's (as carried; the April 2026 figure is not given); the source's lead says the rally 'boosted financial industries' unrealized gains on stocks' - source: CNA #1457705 - source_url: https://www.cna.com.tw/news/afe/202607120191.aspx - confidence: medium - basis: news_aggregation - period: Taiwan stock market performance in the single month of May 2026 (reporting date 2026-07-12) - caveat: Market figures are as carried in the CNA report; the source does not state whether they come from the FSC statistics or exchange data, and this site has not verified them against original market data; 'strongest May on record' is CNA's description; this card does not derive start/end-of-month index levels from the points and percentage figures

F-002: Banks trimmed bond positions by NT$33.0 billion (330億) and added NT$35.6 billion (356億) in stocks in the single month of May 2026 (domestic/foreign scope of both not specified in the source); benefiting from Taiwan stocks' nearly 15% single-month rise in May 2026 (CNA's causal framing), banks' unrealized gains on Taiwan stocks rose to NT$877.0 billion (8770億) at end-May 2026, again a record high (no end-April 2026 base figure carried in the source) - source: CNA #1457705 - source_url: https://www.cna.com.tw/news/afe/202607120191.aspx - confidence: medium - basis: news_aggregation - period: May 2026 single-month changes (flows) and end-May 2026 point-in-time figure (stock) (reporting date 2026-07-12) - caveat: CNA account of FSC statistics, not verified by this site against the official release; 'rose to NT$877.0 billion, again a record high' carries no end-April 2026 base figure and this card adds none; 'benefiting from... drove' is CNA's causal framing, not independently verified; population = banking industry, object = unrealized gains on Taiwan stock positions (not the three industries combined); unrealized gains are valuation figures that fluctuate with market prices, not realized profits

F-003: Calculated at book value (market price), the three financial industries' (banking, insurance, securities) domestic and foreign stock investment balance at end-May 2026 was NT$5.9283 trillion (5兆9283億), with bond positions of NT$31.8193 trillion (31兆8193億) (the FSC's latest publication, as carried by CNA) - source: CNA #1457705 - source_url: https://www.cna.com.tw/news/afe/202607120191.aspx - confidence: medium - basis: news_aggregation - period: Point-in-time balances at end-May 2026 (reporting date 2026-07-12) - caveat: CNA account of FSC statistics, not verified by this site; the 'calculated at book value (market price)' scope is carried in this aggregate sentence (source wording reproduced) and differs from the book-cost change scope of F-006 (J-002)

F-004: Insurers' bond positions at end-May 2026 reached NT$21.1458 trillion (21兆1458億), of which life insurers held NT$21.0293 trillion (21兆293億) and non-life (property) insurers NT$116.5 billion (1165億); life and non-life insurers held stocks of NT$3.8749 trillion (3兆8749億) and NT$84.0 billion (840億) respectively at end-May 2026 - source: CNA #1457705 - source_url: https://www.cna.com.tw/news/afe/202607120191.aspx - confidence: medium - basis: news_aggregation - period: Point-in-time positions at end-May 2026 (reporting date 2026-07-12; the source's 'this year' = 2026, supplied by this card) - caveat: CNA account of FSC statistics, not verified by this site; domestic/foreign scope of the stock holdings not specified in the source; the source does not restate the valuation scope for each insurance line item, and this card records them as carried without extending; life insurers' 'stock holdings of NT$3.8749 trillion' and F-005's 'Taiwan stock position of NT$3.1204 trillion' are two separately carried formulations, with no containment relationship inferred by this card (J-002)

F-005: Life insurers' overseas investment (including international board bonds and foreign-currency policies) reached NT$22.1542 trillion (22兆1542億) at end-May 2026, falling to 57.3% of funds (the source's 'fell to'; no end-April 2026 ratio carried); their Taiwan stock position was NT$3.1204 trillion (3兆1204億) at end-May 2026, rising to 8.1% of funds (the source's 'rose to'; no end-April 2026 ratio carried); their domestic and foreign cash positions totalled NT$1.0617 trillion (1兆617億), up NT$20.8 billion (208億) versus end-April 2026 (MoM; the source says 'up month-on-month', base month made explicit by this card) - source: CNA #1457705 - source_url: https://www.cna.com.tw/news/afe/202607120191.aspx - confidence: medium - basis: news_aggregation - period: Point-in-time positions and ratios at end-May 2026; the cash increase is May 2026 versus end-April 2026 (MoM) (reporting date 2026-07-12) - caveat: CNA account of FSC statistics, not verified by this site; the denominator of 'share of funds' (life insurers' total deployed funds) is not carried and this card does not back-derive it; the 'fell to / rose to' sentences carry no prior-month (end-April 2026) ratios and this card adds none

F-006: Securities firms' proprietary desks' book-cost changes in domestic and foreign bonds and stocks (FSC statistics, as carried by CNA): as of end-May 2026, securities firms trimmed domestic bonds by NT$11.78 billion (117.8億) and foreign bonds by NT$13.806 billion (138.06億) in May 2026, while adding NT$22.41 billion (224.1億) in Taiwan stocks (the source says 'continued to add' — 'continued' indicates the direction extends earlier months, whose amounts are not carried) - source: CNA #1457705 - source_url: https://www.cna.com.tw/news/afe/202607120191.aspx - confidence: medium - basis: news_aggregation - period: May 2026 single-month book-cost changes (as of end-May 2026; reporting date 2026-07-12; the source's 'this year' = 2026, supplied by this card) - caveat: Scope = book-cost changes, different from F-003's book value (market price) balance scope (J-002); a different population from the banking industry's changes in F-002 — must not be conflated or summed (J-004); CNA account, not verified by this site

F-007: The source carries the line that the impact of the US–Iran war on markets has dulled (原文「美伊戰爭對市場影響鈍化」), placed in the same paragraph as the banking industry's May 2026 statistics (bonds trimmed NT$33.0 billion, stocks added NT$35.6 billion) - source: CNA #1457705 - source_url: https://www.cna.com.tw/news/afe/202607120191.aspx - confidence: medium - basis: news_aggregation - period: Market-context description for May 2026 (reporting date 2026-07-12) - caveat: 'Dulled' is CNA's wording; the source carries no quantitative basis and does not attribute the judgment (not marked as an FSC statement); the start, end and scale of the US–Iran war are outside the source's scope and this card adds nothing

F-008: CONNECT (April version of the same statistic, CNA 2026-06-14): the FSC's April three-industry stock/bond investment statistics (per CNA) — as of end-April 2026, the three industries' domestic and foreign equity investment balance was NT$5.419 trillion and their bond position NT$31.9111 trillion (book value at market); in April the banking industry added NT$111.1 billion of bonds and NT$45.7 billion of Taiwan stocks, and with Taiwan stocks up 22.71% in April, banks' unrealized gains on Taiwan stocks reached NT$741.2 billion at end-April, a fresh record; the insurance industry's end-April bond position was NT$21.1832 trillion (life NT$21.0672 trillion (21兆672億), non-life NT$116.0 billion), and life and non-life held stocks of NT$3.5914 trillion and NT$79.0 billion; life insurers' end-April overseas investment was NT$22.1947 trillion at 58.1% of funds; the end-April Taiwan-stock position was NT$2.8314 trillion at 7.4% of funds; end-April cash was NT$1.0409 trillion (1兆409億), down NT$51.7 billion; securities dealers' proprietary desks in April trimmed NT$9.587 billion of domestic bonds, added NT$22.9 billion of foreign bonds and added NT$40.64 billion of Taiwan stocks - source: CNA #1058050 - source_url: https://www.cna.com.tw/news/afe/202606140186.aspx - confidence: medium - basis: news_aggregation - period: end-April 2026 point balances and April single-month changes (reporting date 2026-06-14) - caveat: CNA's account of FSC statistics, not verified by this site against the official release; the month before the main story's May version, the same statistic; this card independently supplies banks' end-April unrealized gains on Taiwan stocks of NT$741.2 billion (7412億) — a base point the main story did not carry — but only places each month's own point figures side by side (April NT$741.2 billion / May NT$877.0 billion), computing no delta and inferring no gain/loss rate

F-009: CONTEXTUALIZE (profit side, Jan–May, CNA 2026-07-05): FSC statistics on the three financial industries' January–May profit (pre-tax) — the three industries' January–May profit of NT$756.9 billion, up 225.18% YoY, a record for the period; banking pre-tax profit of NT$327.93 billion (up 35.8% YoY), insurance NT$272.5 billion, and securities/futures/investment-trust NT$156.5 billion (up 283.25% YoY); life insurers' cumulative profit to end-May of NT$246.3 billion - source: CNA #1329362 - source_url: https://www.cna.com.tw/news/afe/202607050169.aspx - confidence: medium - basis: news_aggregation - period: January–May 2026 cumulative profit, versus the same period of 2025 (YoY) (reporting date 2026-07-05) - caveat: CNA's account of FSC statistics, not verified by this site against the official release; the three industries' profit (income) side, distinct from the main story's investment-position side (stock/bond balances, unrealized gains) — a different statistical scope, not cross-computed with the main story's position figures

F-010: CONTEXTUALIZE (profit side, Jan–Apr, CNA 2026-06-07): FSC statistics — the three industries' January–April profit of NT$589.066 billion, up 109% YoY, a record for the period; banking pre-tax profit of NT$260.8 billion, insurance NT$215.3 billion, and securities/futures/investment-trust combined pre-tax profit of NT$112.966 billion - source: CNA #779894 - source_url: https://www.cna.com.tw/news/afe/202606070180.aspx - confidence: medium - basis: news_aggregation - period: January–April 2026 cumulative profit, versus the same period of 2025 (YoY) (reporting date 2026-06-07) - caveat: CNA's account of FSC statistics, not verified by this site against the official release; with F-009 it forms a January–April to January–May time series of the three industries' profit — placed side by side only, with no trend inferred

F-011: CONTEXTUALIZE (life insurers' overseas-investment supervision, CNA 2026-06-02): the FSC previewed a rule change — insurers' new investments in foreign government bonds and treasury bills will be limited to investment grade (BBB-) and above; per FSC statistics, insurers' holdings of foreign government bonds and treasury bills were NT$2.88 trillion at end-March 2026, of which the below-BBB- portion was about 13%, or roughly NT$374.4 billion (existing positions may be held and improved but not added to; the change goes to a 60-day preview) - source: CNA #627769 - source_url: https://www.cna.com.tw/news/afe/202606020338.aspx - confidence: medium - basis: news_aggregation - period: end-March 2026 foreign-bond positions; the rule change is at preview stage (reporting date 2026-06-02) - caveat: CNA's account of the FSC, not verified by this site against the official release; a previewed rule change, not enacted regulation; supervisory-side policy context for the main story's life-insurer overseas-investment position, with no inference about its effect on the main story's figures

F-012: CONTEXTUALIZE (the three industries' China exposure, CNA 2026-06-03): FSC statistics — the three industries' China exposure totalled NT$763.857 billion at end-March 2026, down NT$17.398 billion MoM and 14.61% YoY, with banking about 92.7% of the total; domestic banks' China exposure NT$708.67 billion (down 14.15% YoY), insurance NT$48.2 billion, and securities/futures/investment-trust/advisory NT$6.987 billion - source: CNA #659798 - source_url: https://www.cna.com.tw/news/afe/202606030338.aspx - confidence: medium - basis: news_aggregation - period: end-March 2026 China exposure, versus the same period of 2025 (YoY) and the prior month (MoM) (reporting date 2026-06-03) - caveat: CNA's account of FSC statistics, not verified by this site against the official release; the three industries' China-exposure side, distinct from the main story's stock/bond investment positions — a different statistic, placed side by side only, not summed

J-Units

J-001: Citation boundary of zero official anchors — every figure in this card is reproduced from CNA reports (media_report) — the main story from the FSC's published statistics on the three financial industries' stock and bond investments (May 2026) plus the market backdrop as described by CNA, and the five contextual items added in v1.1.0 from other FSC statistics or supervisory matters under the sources stated in their own F-Units; none has been verified by this site against the relevant official statistical release; citations of main-story figures must carry the reproduced-from-the-CNA-report scope; the FSC appears only as a CNA-reported source and nothing here constitutes an official endorsement verified by this site; precise figures should be verified against the FSC's official release; the source carries no document name, number or link for the statistical publication, and this card adds none - confidence: medium - basis: news_aggregation

J-002: Scope map (never conflate) — (a) valuation scopes: the three-industry stock/bond balances are point-in-time stocks at book value (market price) (F-003), while the proprietary-desk figures are single-month changes in book cost (F-006); the two must not be conflated; (b) stocks versus flows: additions/trims = May 2026 single-month flows, month-end balances = end-May 2026 point-in-time stocks; (c) life insurers' 'stock holdings of NT$3.8749 trillion' (F-004) and 'Taiwan stock position of NT$3.1204 trillion' (F-005) are two separately carried formulations — this card infers no containment relationship and computes no difference; (d) insurers' bonds of NT$21.1458 trillion (population = insurance industry) and the three industries' bonds of NT$31.8193 trillion (population = three industries combined) are different populations; (e) the denominator of 'share of funds' = life insurers' total deployed funds is not carried in the source, and this card does not back-derive it - confidence: medium - basis: news_aggregation

J-003: Sentences without carried base figures, and qualitative/causal wording, are all handled as carried — 'rose to NT$877.0 billion, again a record high' (no end-April 2026 figure carried), 'fell to 57.3%' and 'rose to 8.1%' (no end-April 2026 ratios carried) are reproduced as carried, with nothing added or derived by this card; 'nearly 15%' is the source's approximation and this card computes no precise gain; 'strongest May on record' (comparison basis unspecified), 'benefiting from the rally... drove' (causal framing) and 'the US–Iran war's market impact has dulled' (no quantitative basis, attribution unmarked) are all CNA's wording, not independently verified by this site; the provenance of the market figures (5,806.31 points, nearly 15%) — FSC statistics or exchange data — is not stated in the source, and this card does not infer it - confidence: medium - basis: news_aggregation

J-004: Population nailing — the record-setting NT$877.0 billion = the banking industry's unrealized gains on its Taiwan stock positions: the population is the banking industry (not the three financial industries combined), the object is Taiwan stocks (not including bonds), and the nature is unrealized gains (a valuation figure that fluctuates with market prices, not realized profit); the banking industry's changes (bonds -NT$33.0 billion / stocks +NT$35.6 billion, scope unspecified in the source) and the proprietary desks' changes (domestic bonds -NT$11.78 billion / foreign bonds -NT$13.806 billion / Taiwan stocks +NT$22.41 billion, book-cost scope) are changes over different populations and scopes and must not be conflated or summed; the source lead's 'boosted financial industries' unrealized gains on stocks' is broad framing whose concrete figure lands on the banking industry's Taiwan-stock unrealized gains - confidence: medium - basis: news_aggregation

P-Units

P-001: Official verification of the figures in this card awaits comparison with the FSC's official statistical release (the official publication of the three financial industries' stock and bond investment statistics); the source carries no document name, number or link, and this card adds none ### P-002: Base figures not carried in the source (end-April 2026 banks' unrealized gains on Taiwan stocks; end-April 2026 life-insurer overseas investment and Taiwan stock ratios, etc.) can only be filled from the FSC's official release; this card derives none ### P-003: Position changes from June 2026 onward await later FSC publication; every figure in this card is either a May 2026 single-month flow or an end-May 2026 point-in-time stock

同事件・三視角 / Three Perspectives on the Same Event / 同一イベント・三つの視点

Internal citation chain

Sources

1. [CNA #1457705] Central News Agency (CNA), "Taiwan stocks surged in May; banks' unrealized gains on stocks hit a record NT$877.0 billion" (headline translated by this card from the Chinese original "台股5月勁揚　銀行股市未實現利得8770億創新高"), 2026-07-12 (by reporter 蘇思云, edited by 林克倫; published 21:11 Taipei time, last modified 22:10 the same day). https://www.cna.com.tw/news/afe/202607120191.aspx 2. [CNA #1058050] Central News Agency (CNA), "Taiwan stocks up 22% in April; banks' unrealized gains on stocks hit a record" (Chinese original "台股4月大漲22% 銀行業股市未實現利益飆新高"), 2026-06-14 (by reporter 蘇思云, edited by 林克倫). https://www.cna.com.tw/news/afe/202606140186.aspx 3. [CNA #1329362] Central News Agency (CNA), "Hot capital market: three financial industries earn NT$756.9bn in Jan–May, a record for the period" (Chinese original "資本市場熱 金融三業前5月大賺7569億創同期新高"), 2026-07-05 (by reporter 蘇思云, edited by 林家嫻). https://www.cna.com.tw/news/afe/202607050169.aspx 4. [CNA #779894] Central News Agency (CNA), "Boosted by stocks, three financial industries earn NT$589.0bn in Jan–Apr, a record for the period" (Chinese original "台股加持 金融三業前4月賺5890億衝同期新高"), 2026-06-07 (by reporter 蘇思云, edited by 楊蘭軒). https://www.cna.com.tw/news/afe/202606070180.aspx 5. [CNA #627769] Central News Agency (CNA), "FSC: insurers' future foreign-government-bond investment limited to investment grade and above" (Chinese original "金管會：保險業未來投資國外公債 限投資等級以上"), 2026-06-02 (by reporter 蘇思云, edited by 林淑媛). https://www.cna.com.tw/news/afe/202606020338.aspx 6. [CNA #659798] Central News Agency (CNA), "Three financial industries' China exposure falls to NT$763.8bn at end-March, down 14% YoY" (Chinese original "金融三業3月底對中曝險降至7638億元 年減14%"), 2026-06-03 (by reporter 蘇思云, edited by 楊蘭軒). https://www.cna.com.tw/news/afe/202606030338.aspx

📊 引用級事實單元（F-Units）

Taiwan stocks jumped 5,806.31 points in the single month of May 2026, which CNA describes as the strongest May performance on record (comparison basis — points or percentage — and the historical May series not carried in the source); the May 2026 single-month gain was nearly 15% (the source's approximate 'nearly 15%'); the May 2026 gain was smaller than April 2026's (as carried; the April 2026 figure is not given); the source's lead says the rally 'boosted financial industries' unrealized gains on stocks'
F-001 · Confidence: medium · Basis: news_aggregation CNA #1457705 Grade U · 未分類／不可主張已驗證 Taiwan stock market performance in the single month of May 2026 (reporting date 2026-07-12)
Banks trimmed bond positions by NT$33.0 billion (330億) and added NT$35.6 billion (356億) in stocks in the single month of May 2026 (domestic/foreign scope of both not specified in the source); benefiting from Taiwan stocks' nearly 15% single-month rise in May 2026 (CNA's causal framing), banks' unrealized gains on Taiwan stocks rose to NT$877.0 billion (8770億) at end-May 2026, again a record high (no end-April 2026 base figure carried in the source)
F-002 · Confidence: medium · Basis: news_aggregation CNA #1457705 Grade U · 未分類／不可主張已驗證 May 2026 single-month changes (flows) and end-May 2026 point-in-time figure (stock) (reporting date 2026-07-12)
Calculated at book value (market price), the three financial industries' (banking, insurance, securities) domestic and foreign stock investment balance at end-May 2026 was NT$5.9283 trillion (5兆9283億), with bond positions of NT$31.8193 trillion (31兆8193億) (the FSC's latest publication, as carried by CNA)
F-003 · Confidence: medium · Basis: news_aggregation CNA #1457705 Grade U · 未分類／不可主張已驗證 Point-in-time balances at end-May 2026 (reporting date 2026-07-12)
Insurers' bond positions at end-May 2026 reached NT$21.1458 trillion (21兆1458億), of which life insurers held NT$21.0293 trillion (21兆293億) and non-life (property) insurers NT$116.5 billion (1165億); life and non-life insurers held stocks of NT$3.8749 trillion (3兆8749億) and NT$84.0 billion (840億) respectively at end-May 2026
F-004 · Confidence: medium · Basis: news_aggregation CNA #1457705 Grade U · 未分類／不可主張已驗證 Point-in-time positions at end-May 2026 (reporting date 2026-07-12; the source's 'this year' = 2026, supplied by this card)
Life insurers' overseas investment (including international board bonds and foreign-currency policies) reached NT$22.1542 trillion (22兆1542億) at end-May 2026, falling to 57.3% of funds (the source's 'fell to'; no end-April 2026 ratio carried); their Taiwan stock position was NT$3.1204 trillion (3兆1204億) at end-May 2026, rising to 8.1% of funds (the source's 'rose to'; no end-April 2026 ratio carried); their domestic and foreign cash positions totalled NT$1.0617 trillion (1兆617億), up NT$20.8 billion (208億) versus end-April 2026 (MoM; the source says 'up month-on-month', base month made explicit by this card)
F-005 · Confidence: medium · Basis: news_aggregation CNA #1457705 Grade U · 未分類／不可主張已驗證 Point-in-time positions and ratios at end-May 2026; the cash increase is May 2026 versus end-April 2026 (MoM) (reporting date 2026-07-12)
Securities firms' proprietary desks' book-cost changes in domestic and foreign bonds and stocks (FSC statistics, as carried by CNA): as of end-May 2026, securities firms trimmed domestic bonds by NT$11.78 billion (117.8億) and foreign bonds by NT$13.806 billion (138.06億) in May 2026, while adding NT$22.41 billion (224.1億) in Taiwan stocks (the source says 'continued to add' — 'continued' indicates the direction extends earlier months, whose amounts are not carried)
F-006 · Confidence: medium · Basis: news_aggregation CNA #1457705 Grade U · 未分類／不可主張已驗證 May 2026 single-month book-cost changes (as of end-May 2026; reporting date 2026-07-12; the source's 'this year' = 2026, supplied by this card)
The source carries the line that the impact of the US–Iran war on markets has dulled (原文「美伊戰爭對市場影響鈍化」), placed in the same paragraph as the banking industry's May 2026 statistics (bonds trimmed NT$33.0 billion, stocks added NT$35.6 billion)
F-007 · Confidence: medium · Basis: news_aggregation CNA #1457705 Grade U · 未分類／不可主張已驗證 Market-context description for May 2026 (reporting date 2026-07-12)
CONNECT (April version of the same statistic, CNA 2026-06-14): the FSC's April three-industry stock/bond investment statistics (per CNA) — as of end-April 2026, the three industries' domestic and foreign equity investment balance was NT$5.419 trillion and their bond position NT$31.9111 trillion (book value at market); in April the banking industry added NT$111.1 billion of bonds and NT$45.7 billion of Taiwan stocks, and with Taiwan stocks up 22.71% in April, banks' unrealized gains on Taiwan stocks reached NT$741.2 billion at end-April, a fresh record; the insurance industry's end-April bond position was NT$21.1832 trillion (life NT$21.0672 trillion (21兆672億), non-life NT$116.0 billion), and life and non-life held stocks of NT$3.5914 trillion and NT$79.0 billion; life insurers' end-April overseas investment was NT$22.1947 trillion at 58.1% of funds; the end-April Taiwan-stock position was NT$2.8314 trillion at 7.4% of funds; end-April cash was NT$1.0409 trillion (1兆409億), down NT$51.7 billion; securities dealers' proprietary desks in April trimmed NT$9.587 billion of domestic bonds, added NT$22.9 billion of foreign bonds and added NT$40.64 billion of Taiwan stocks
F-008 · Confidence: medium · Basis: news_aggregation CNA #1058050 Grade U · 未分類／不可主張已驗證 end-April 2026 point balances and April single-month changes (reporting date 2026-06-14)
CONTEXTUALIZE (profit side, Jan–May, CNA 2026-07-05): FSC statistics on the three financial industries' January–May profit (pre-tax) — the three industries' January–May profit of NT$756.9 billion, up 225.18% YoY, a record for the period; banking pre-tax profit of NT$327.93 billion (up 35.8% YoY), insurance NT$272.5 billion, and securities/futures/investment-trust NT$156.5 billion (up 283.25% YoY); life insurers' cumulative profit to end-May of NT$246.3 billion
F-009 · Confidence: medium · Basis: news_aggregation CNA #1329362 Grade C · 媒體報導（非企業審查） January–May 2026 cumulative profit, versus the same period of 2025 (YoY) (reporting date 2026-07-05)
CONTEXTUALIZE (profit side, Jan–Apr, CNA 2026-06-07): FSC statistics — the three industries' January–April profit of NT$589.066 billion, up 109% YoY, a record for the period; banking pre-tax profit of NT$260.8 billion, insurance NT$215.3 billion, and securities/futures/investment-trust combined pre-tax profit of NT$112.966 billion
F-010 · Confidence: medium · Basis: news_aggregation CNA #779894 Grade C · 媒體報導（非企業審查） January–April 2026 cumulative profit, versus the same period of 2025 (YoY) (reporting date 2026-06-07)
CONTEXTUALIZE (life insurers' overseas-investment supervision, CNA 2026-06-02): the FSC previewed a rule change — insurers' new investments in foreign government bonds and treasury bills will be limited to investment grade (BBB-) and above; per FSC statistics, insurers' holdings of foreign government bonds and treasury bills were NT$2.88 trillion at end-March 2026, of which the below-BBB- portion was about 13%, or roughly NT$374.4 billion (existing positions may be held and improved but not added to; the change goes to a 60-day preview)
F-011 · Confidence: medium · Basis: news_aggregation CNA #627769 Grade U · 未分類／不可主張已驗證 end-March 2026 foreign-bond positions; the rule change is at preview stage (reporting date 2026-06-02)
CONTEXTUALIZE (the three industries' China exposure, CNA 2026-06-03): FSC statistics — the three industries' China exposure totalled NT$763.857 billion at end-March 2026, down NT$17.398 billion MoM and 14.61% YoY, with banking about 92.7% of the total; domestic banks' China exposure NT$708.67 billion (down 14.15% YoY), insurance NT$48.2 billion, and securities/futures/investment-trust/advisory NT$6.987 billion
F-012 · Confidence: medium · Basis: news_aggregation CNA #659798 Grade U · 未分類／不可主張已驗證 end-March 2026 China exposure, versus the same period of 2025 (YoY) and the prior month (MoM) (reporting date 2026-06-03)

❓ FAQ

What were the stock and bond investment balances of Taiwan's three financial industries (banking, insurance, securities) at end-May 2026?

Per CNA's 2026-07-12 report on the FSC statistics: calculated at book value (market price), the three financial industries' domestic and foreign stock investment balance at end-May 2026 was NT$5.9283 trillion (5兆9283億), with bond positions of NT$31.8193 trillion (31兆8193億). These are point-in-time stocks as of end-May 2026; this site has not verified the figures against the FSC's official statistical release (CNA#1457705, 2026-07-12).

What did banks do in stocks and bonds in May 2026, and how did their unrealized gains on Taiwan stocks perform?

Per CNA's account of the FSC statistics: banks trimmed bond positions by NT$33.0 billion (330億) and added NT$35.6 billion (356億) in stocks in the single month of May 2026 (domestic/foreign scope not specified in the source); benefiting from Taiwan stocks' jump of 5,806.31 points and nearly 15% gain in the single month of May 2026 (CNA calls it the strongest May on record), banks' unrealized gains on Taiwan stocks rose to NT$877.0 billion (8770億) at end-May 2026, again a record high (no end-April 2026 base figure carried in the source). 'Benefiting from... drove' is CNA's causal framing; unrealized gains are valuation figures, not realized profits — population = banking industry, object = Taiwan stocks (CNA#1457705).

What were life insurers' overseas investment and Taiwan stock shares at end-May 2026?

Per CNA's account of the FSC statistics: life insurers' overseas investment (including international board bonds and foreign-currency policies) was NT$22.1542 trillion (22兆1542億) at end-May 2026, falling to 57.3% of funds (no end-April 2026 ratio carried in the source); their Taiwan stock position was NT$3.1204 trillion (3兆1204億), rising to 8.1% of funds (no end-April 2026 ratio carried); their domestic and foreign cash totalled NT$1.0617 trillion (1兆617億), up NT$20.8 billion (208億) versus end-April 2026 (MoM). The denominator of 'share of funds' (life insurers' total deployed funds) is not carried in the source, and this card does not back-derive it (CNA#1457705).

How did securities firms' proprietary desks adjust their stock and bond positions in May 2026?

Per CNA's account of the FSC statistics (book-cost change scope): as of end-May 2026, securities firms trimmed domestic bonds by NT$11.78 billion (117.8億) and foreign bonds by NT$13.806 billion (138.06億) in May 2026, while adding NT$22.41 billion (224.1億) in Taiwan stocks (the source says 'continued to add'). These are May 2026 single-month changes in book cost — a different scope from the three-industry balances at book value (market price); the two must not be conflated (CNA#1457705).

Can the figures in this card be cited directly as the FSC's official statistics?

No. This card carries zero official anchors: every figure is reproduced from CNA reports — the main story from the FSC statistics and the market backdrop as described by CNA, and the five contextual items added in v1.1.0 from other FSC statistics or supervisory matters under their own stated sources; this site has not verified any of them against the relevant official statistical release, and nothing here constitutes an official endorsement verified by this site. Any citation must carry the reproduced-from-the-CNA-report scope, keep the two valuation scopes apart (book-value 〔market-price〕 balances versus book-cost changes), keep stocks and flows apart, and respect the population boundary of 'the banking industry's unrealized gains on Taiwan stocks'; precise figures should be verified against the FSC's official statistical release (CNA#1457705, 2026-07-12). ---

🧠 編輯判斷（J-Units）

Citation boundary of zero official anchors — every figure in this card is reproduced from CNA reports (media_report) — the main story from the FSC's published statistics on the three financial industries' stock and bond investments (May 2026) plus the market backdrop as described by CNA, and the five contextual items added in v1.1.0 from other FSC statistics or supervisory matters under the sources stated in their own F-Units; none has been verified by this site against the relevant official statistical release; citations of main-story figures must carry the reproduced-from-the-CNA-report scope; the FSC appears only as a CNA-reported source and nothing here constitutes an official endorsement verified by this site; precise figures should be verified against the FSC's official release; the source carries no document name, number or link for the statistical publication, and this card adds none
Confidence: medium
Scope map (never conflate) — (a) valuation scopes: the three-industry stock/bond balances are point-in-time stocks at book value (market price) (F-003), while the proprietary-desk figures are single-month changes in book cost (F-006); the two must not be conflated; (b) stocks versus flows: additions/trims = May 2026 single-month flows, month-end balances = end-May 2026 point-in-time stocks; (c) life insurers' 'stock holdings of NT$3.8749 trillion' (F-004) and 'Taiwan stock position of NT$3.1204 trillion' (F-005) are two separately carried formulations — this card infers no containment relationship and computes no difference; (d) insurers' bonds of NT$21.1458 trillion (population = insurance industry) and the three industries' bonds of NT$31.8193 trillion (population = three industries combined) are different populations; (e) the denominator of 'share of funds' = life insurers' total deployed funds is not carried in the source, and this card does not back-derive it
Confidence: medium
Sentences without carried base figures, and qualitative/causal wording, are all handled as carried — 'rose to NT$877.0 billion, again a record high' (no end-April 2026 figure carried), 'fell to 57.3%' and 'rose to 8.1%' (no end-April 2026 ratios carried) are reproduced as carried, with nothing added or derived by this card; 'nearly 15%' is the source's approximation and this card computes no precise gain; 'strongest May on record' (comparison basis unspecified), 'benefiting from the rally... drove' (causal framing) and 'the US–Iran war's market impact has dulled' (no quantitative basis, attribution unmarked) are all CNA's wording, not independently verified by this site; the provenance of the market figures (5,806.31 points, nearly 15%) — FSC statistics or exchange data — is not stated in the source, and this card does not infer it
Confidence: medium
Population nailing — the record-setting NT$877.0 billion = the banking industry's unrealized gains on its Taiwan stock positions: the population is the banking industry (not the three financial industries combined), the object is Taiwan stocks (not including bonds), and the nature is unrealized gains (a valuation figure that fluctuates with market prices, not realized profit); the banking industry's changes (bonds -NT$33.0 billion / stocks +NT$35.6 billion, scope unspecified in the source) and the proprietary desks' changes (domestic bonds -NT$11.78 billion / foreign bonds -NT$13.806 billion / Taiwan stocks +NT$22.41 billion, book-cost scope) are changes over different populations and scopes and must not be conflated or summed; the source lead's 'boosted financial industries' unrealized gains on stocks' is broad framing whose concrete figure lands on the banking industry's Taiwan-stock unrealized gains
Confidence: medium

🔮 待驗證假設（P-Units）

Official verification of the figures in this card awaits comparison with the FSC's official statistical release (the official publication of the three financial industries' stock and bond investment statistics); the source carries no document name, number or link, and this card adds none
Status: open
Base figures not carried in the source (end-April 2026 banks' unrealized gains on Taiwan stocks; end-April 2026 life-insurer overseas investment and Taiwan stock ratios, etc.) can only be filled from the FSC's official release; this card derives none
Status: open
Position changes from June 2026 onward await later FSC publication; every figure in this card is either a May 2026 single-month flow or an end-May 2026 point-in-time stock
Status: open

Verification Record

AI-structured, registry-verified, editorially sampled — Kirishima Rei (AI Editorial Desk)

⚠️ This article was AI-structured (not authored by an individual human reporter).

Cross-verified by multiple AI models.

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