The Financial Supervisory Commission’s new action plan includes goals related to data liberalization, encouraging disruption and innovation, and talent development. Speaking at the Taiwan Capital Market Forum last August, President Tsai Ing-wen disclosed some startlingly ambitious plans to transform Taiwan into an Asian financial hub. “We are going to make Taiwan the number one center…

A proposed acquisition could be a turning point for Taiwan’s overbanked financial services industry. Last December, Fubon Financial Holdings, the second-largest financial services organization in Taiwan, announced that it was pursuing a hostile takeover of Jih Sun Financial Holdings through a public tender offer for at least 50% of the company’s shares. The offer is…

Last December, Taiwan’s Financial Supervisory Commission (FSC) announced the easing of requirements for foreign finance professionals, part of the government’s plans to make Taiwan an Asia-Pacific financial hub. The work experience requirement for senior financial executives applying for the Employment Gold Card – a special work visa that incorporates an alien resident certificate, open work…

DBS economist Ma Tieying takes the most bullish view of Taiwan’s economic prospects for 2021, forecasting GDP growth of 4.2%. The most cautious position among those interviewed for this report was from Yuanta-Polaris Research Institute President Liang Kuo-yuan, whose forecast is “at least 3%.” In between is the government’s own statistics agency, which expects growth…

E-learning startups cater to rising demand for online self-learning among individuals. These firms can support the public sector and businesses, too. Taiwan has controlled the coronavirus pandemic so well that its K-12 schools have been able to maintain classroom instruction. The only interruption to school came in February, when the government delayed the start of…

The pandemic has hit the bottom lines of struggling schools reliant on foreign students. Yet Taiwan’s ability to contain the coronavirus is also making it a more attractive place to study. Taiwan has long had a surplus of universities, the legacy of well-intentioned if myopic education reforms in the 1990s. The island nation is home…