Taiwan is positioning itself as a regional asset management hub with the launch of the Financial Supervisory Commission’s (FSC) Asia Asset Management Center initiative. With a booming ETF market, regulatory easing, and plans for localized asset management zones, the initiative aims to attract investment, retain capital, and enhance Taiwan’s financial competitiveness amid regional shifts.
Taiwan’s push to become a regional asset management hub has seen modest progress, with growth largely limited to domestic banks. While the Lai administration is accelerating deregulation and promoting Kaohsiung as a financial hub, experts say further reforms are needed to attract foreign capital and compete globally.
Citi Taiwan celebrates its 60th anniversary in 2024, highlighting six decades of growth and global impact. The bank has been a key player in connecting Taiwan to international markets, excelling in Corporate, Investment, and Commercial Banking, as well as Treasury and Securities Services. Citi has led major M&A deals and earned prestigious awards, reflecting its commitment to innovation and client support. As it looks to the future, Citi remains dedicated to advancing Taiwan’s financial landscape.
Mobile payments are steadily on the rise in Taiwan. Payments made using mobile phones accounted for 20% of all credit card payments in the first three quarters of 2021, an increase of 4.5 percentage points from the same period in 2020, according to data from the National Credit Card Center (NCCC). LINE Pay, the most…
Taiwan’s first two virtual banks have quickly accumulated customers, and the market is expanding with a third such bank on the way. But Taiwan’s oversaturated banking market will likely require that the digital lenders adopt new tactics and technologies to become truly competitive. Taiwan’s financial industry is known for its conservatism. Firms and regulators alike…
Taiwan’s economy has demonstrated its resilience during the past two years of the pandemic, thanks to strong demand for the island’s exports. In the long term, however, some reforms to monetary policy are needed as Taiwan faces the dual challenges of a hot housing market and an aging population. While post-pandemic inflation continues to impact…
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Fubon acquires majority stake in Jih Sun Fubon Financial Holding Co. announced on March 23 that it had successfully completed the public tender to acquire a 53.84% stake in Jih Sun Financial Holding, making it the largest shareholder…
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…
