When is a foreign bank not a foreign bank? Answer: When it establishes a domestic subsidiary. Between 2007 and 2013, five leading international banks – Standard Chartered, Citi, HSBC, DBS, and ANZ – received approval from the financial authorities to expand their presence in Taiwan’s retail banking market by taking over the operations of local…

Where business has slowed, the main reason appears to be economic factors. Ever since Beijing angrily terminated official communications with Taiwan’s then newly installed Tsai Ing-wen government in June last year, political relations with China have plunged to their coolest point in nearly a decade. But the cross-Strait political chill over Taiwan’s unwillingness to accept a…

Who will take up the baton from the current generation of Taiwan’s corporate leaders? Corporate succession is a sensitive topic in Taiwan, where many top business leaders take on larger-than-life roles in their firms, often opting to continue working well into their eighties. Strong family and personal connections often complicate the transfer of company leadership….

Exposure declines in China, though it remains an important market for serving Taiwanese SMEs. Taiwan has long suffered from a saturated domestic banking market, prompting its banks to foray abroad for new business opportunities. Under the administration of former President Ma Ying-jeou, banks took advantage of the cross-Strait detente to open numerous branches in China….

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…