Taiwan FSC Approves Three Banks for Wealth Management 2.0 Ahead of Kaohsiung Expansion

Taiwan’s Financial Supervisory Commission is using a pilot zone in Kaohsiung to advance its Asian Asset Management Center initiative. The program allows banks, life insurers, investment trust and consulting firms, and securities companies to test innovative services aimed at wealthy clients. It is a key part of Taiwan’s effort to expand its asset-management industry, retain domestic wealth and attract more international capital.

The regulator said 59 financial institutions have received approval to enter the Kaohsiung zone, with the total expected to exceed 60 in 2026. Participating firms are expanding into family-office services, financing backed by portfolios of financial assets and technology-enabled private banking. The rush underscores intensifying competition for high-net-worth clients as Taiwan seeks to build a broader wealth-management hub.

Taiwan's Financial Supervisory Commission and the Kaohsiung City Government inaugurated the Kaohsiung Asset Management Special Zone on July 22, 2025, as the country's first pilot site for developing an Asian asset management hub. Institutions including Hua Nan Commercial Bank, Taipei Fubon Bank, First Securities Investment Trust and Nan Shan Life Insurance are piloting family-office, financial-asset portfolio financing and external asset manager services there, with the aim of retaining high-net-worth clients and their capital.

The FSC said on May 12, 2026, that the number of institutions approved to operate in the zone had risen from 50 at the outset to 56 as of the end of April. They comprised 21 banks, 16 securities investment trust and consulting firms, 13 brokerages and six insurers. As of the end of March, banks in the zone served 3,736 high-net-worth clients and had NT$455.9 billion in assets under management. They had recorded 2,314 cumulative credit drawdowns and provided family-office services to 139 families.