Taiwan Pushes Financial Reforms To Attract Global Capital

Taiwan wants to become a major Asian asset management center and a hub for global investment, President Lai Ching-te said at the opening of Taiwan Weeks, a financial industry forum organized by the Taiwan Stock Exchange. Lai said the government has changed more than 60 regulations to internationalize Taiwan’s financial markets, align reporting standards with global practices and make it easier for innovative companies to access funding. Financial Supervisory Commission chair Peng Jin-lung said Taiwan’s semiconductor industry needs stronger capital markets to secure the funding, talent and international connections required for continued growth. The government also plans to accelerate work on new legislation covering financial markets and asset management.