Reported 8 months ago
Dai Ruiyao and Wei Qiaoyi/Taipei report, June 17, 2024, 4:10 PM. 'Money Staying in Taiwan' is one of the significant tasks of Financial Supervisory Commission Chairperson Peng Jinlong. He aims to guide the insurance industry's 'new money' to stay and invest in Taiwan rather than solely abroad, directing insurance funds towards public infrastructure by resolving three major challenges across departments. Peng Jinlong also plans to push Taiwan into being the Asian asset management hub, managing Taiwan's wealth in Taiwan. During a meeting with six major life insurance companies, Peng Jinlong disclosed three key issues that need addressing in life insurance investments in public infrastructure: sourcing projects, ensuring return rates meet life insurance fund requirements, and deciding investment methods like securitization, bonds, BOT, or direct investment. Peng Jinlong's goal is to find experimental cases to provide more investment choices for the insurance industry, encouraging new funds to stay in Taiwan and gradually attracting expired funds back. He also aims to establish Taiwan as an Asian asset management hub, recognizing Japan's progress and setting Taiwan to coexist with Singapore and Hong Kong in the future.
Source: YAHOO