Taiwan aims to pursue financial technology innovation, but over-regulation continues to block the needed experimentation and flexibility. Technological advances are increasingly transforming every aspect of financial services, a phenomenon that has given rise to the term “fintech,” short for financial technology. In Taiwan, the Financial Supervisory Commission (FSC) in 2015 established a Fintech Office to…

As paradigms in the banking industry shift rapidly, the future of banking hedges on innovation, specialization, and mastery of the digital business landscape. In the past year, volatility in global and regional markets—from the plunge in oil prices to post-Brexit uncertainties—has made Taiwan’s banking industry keen to bring stability and growth to the financial liberalization…

As confidence returns to real estate, Taiwan must take steps to ensure its real estate market champions transparency and security and remains a thriving destination for global investment. In the recently published 2017 Taiwan White Paper, the Real Estate Committee of the American Chamber of Commerce in Taipei commends the Taiwan government for recent efforts…

In 2016, despite a significant drop in visitors from mainland China, Taiwan achieved a record high for inbound tourism, totaling 10.69 million tourists, according to the Tourism Bureau. As the trend of decreasing visitors from mainland China will likely continue, the Taiwan government is taking steps to increase tourism from other areas, including Japan, Korea,…

Healthy capital markets are vital to the functioning of an economy, generating both short-term economic output and long-term growth. As industry leaders look toward Taiwan’s financial future, they should strive to develop fair, open and efficient capital markets to sharpen Taiwan’s global competitive edge. In the recently published 2017 Taiwan White Paper, the Capital Markets…

As global advances in e-commerce and financial technology (“fintech”) catalyze change in insurance markets, how can Taiwan enable insurers to provide individuals and families with the full insurance coverage they need and close the insurance “protection gap”? In the recently published 2017 Taiwan White Paper, the Insurance Committee of the American Chamber of Commerce in…

In the past year, positive steps have been taken by the Financial Supervisory Commission (FSC) to build a better business environment and stimulate financial product innovation in Taiwan. In the newly published 2017 Taiwan White Paper, the Asset Management Committee of the American Chamber of Commerce in Taipei commends these reforms. The Asset Management Committee…

A major driver of the Taiwan economy, the retail industry has gained momentum from technological development, rising disposable income, and the entrance of international players. In the newly published 2017 Taiwan White Paper, the Retail Committee of the American Chamber of Commerce in Taipei recommends practical steps for the government to take to improve the…