Taiwan Launches Asset Management Office to Attract Global Investors

Taiwan's New Asian Asset Management Center Promotion Office

Taiwan has officially established the Asian Asset Management Center (AAMC) Promotion Office, launching a dedicated website aimed at enhancing the country’s status as a central hub for global asset management. This development emphasizes Taiwan's commitment to attracting international capital and strengthening its financial markets.

A Gateway for International Firms

The Promotion Office, under the Taiwan Stock Exchange (TWSE) and supervised by the Financial Supervisory Commission (FSC), acts as the primary contact point for global asset managers looking to access Taiwan's financial ecosystem. Offering a range of consultation services, this office facilitates connections through various channels: online, via phone, and in person. It provides insights into regulatory compliance, licensing processes, and operational guidelines, ensuring that international firms can navigate the local landscape effectively.

A Collaborative Launch Ceremony

The launch event witnessed the participation of key dignitaries, including FSC Vice Chairperson Chen Yen-Liang and high-ranking officials from several major financial institutions. Additionally, representatives from local governments and significant financial industry associations attended the ceremony, highlighting a united effort to promote Taiwan’s financial internationalization.

Progress in Regulatory Reforms

Since initiating the AAMC framework, the FSC has enacted 36 regulatory reforms ahead of schedule, aiming to transform Taiwan into a key entry point for asset managers entering Asia. Vice Chairperson Chen remarked on the vital role these improvements play, which are designed to make Taiwan a conducive environment for global investment.

Growth of the Asset Management Sector

The asset management sector in Taiwan has experienced significant growth, with assets under management climbing nearly NT$3 trillion over the past year. The recent launch of the Kaohsiung Zone of the AAMC has successfully attracted a diverse clientele, including banks, investment trusts, and international accounting firms, revealing a strong and growing confidence in Taiwan's financial markets.

Enhancing Access through a New Website

In line with the launch of the Promotion Office, TWSE has introduced an AAMC website that aggregates critical updates from the financial regulatory bodies and other related institutions. The platform will deliver valuable policy information, market analytics, and tailored consultation services aimed at both institutional investors and the broader public.

Strategic Advantages of Taiwan

According to TWSE Chairman and CEO Sherman Lin, Taiwan possesses unique advantages, such as a solid financial system and robust private savings, further bolstered by synergies with the technology sector. This strategic positioning not only enhances Taiwan's appeal as a financial services hub but also delineates a path toward future growth in global financing.

Long-term Vision for AAMC

Both Vice Chairperson Chen and Chairman Lin emphasized that the AAMC is not just a short-term initiative; it represents a long-term strategy with global aspirations. They asserted that the establishment of the Promotion Office, alongside its online presence, marks a significant leap for Taiwan in its quest to solidify its role in the global finance landscape.

Consultation Services for New Enterprises

The AAMC Promotion Office has also rolled out consultation services that assist international firms in initiating their operations in Taiwan. These services are accessible through a toll-free hotline and an online inquiry platform, along with scheduled in-person or virtual consultations. The office aims to provide professional guidance on regulatory frameworks and operational necessities, while actively promoting the initiative’s achievements both domestically and internationally.

About TWSE

The Taiwan Stock Exchange (TWSE), operational since February 9, 1962, plays a pivotal role in managing and advancing the Taiwanese securities market. Its core responsibilities consist of overseeing listings, executing trades, ensuring settlement, and maintaining market surveillance. TWSE offers various services crucial to supporting the securities market, aiming to promote investor security and uphold corporate governance standards.

Frequently Asked Questions

What is the purpose of the AAMC Promotion Office?

The AAMC Promotion Office aims to facilitate international firms' access to Taiwan's financial markets by offering consultation services on regulations and operational matters.

When was the AAMC initiative launched?

The AAMC initiative began in September 2024, focusing on regulatory reforms and improvements to position Taiwan as a key asset management hub in Asia.

What services does the AAMC Promotion Office provide?

The office provides comprehensive consultation services, including regulatory guidance and operational support for firms establishing a presence in Taiwan.

Who attended the launch ceremony of the AAMC Promotion Office?

Key officials from the FSC, local government representatives, and major financial institutions attended the launch ceremony to showcase their commitment to Taiwan's financial future.

How is the new AAMC website beneficial?

The AAMC website consolidates important information from regulatory bodies, offering policy updates, market insights, and tailored consultation services for users.

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