Reported 10 months ago
Pang Jinlong, the chairman of the Financial Supervisory Commission, released his vision for Taiwan to become Asia's asset management center, focusing on financial security and development and innovation. He emphasized the importance of convincing funds to come to Taiwan amidst geopolitical risks, highlighting the need to enhance Taiwan's attractiveness to domestic wealth such as insurance industry and Taiwanese businesses. Pang outlined strategies to strengthen financial industry's resilience, market discipline, corporate governance, consumer rights protection, promote Taiwan as an asset management center, accelerate fintech innovation, and enhance sustainable financial development. He also mentioned the requirements for Taiwan to become an asset management center, including professional workforce, exchange rate management, attractive tax system, communication environment, flexible trust system, and geopolitical environment. Overall, Pang emphasized the importance of retaining Taiwanese funds in Taiwan and creating suitable investment targets to achieve this goal.
Source: YAHOO