Taiwan Needs Tax, FX Reforms to Build Asian Asset Hub, Industry Chief Says

Taiwan’s push to become an Asian asset-management hub hinges on attracting global capital and expanding the scale and sophistication of its domestic investment industry. The Securities Investment Trust and Consulting Association said the market must move beyond its successful exchange-traded fund business and develop a broader ecosystem spanning alternative assets, real estate investment trusts and private markets to compete with established regional financial centers.

Association Chairman Yu Chao-wen said in his latest remarks that competitive tax and foreign-exchange regimes would be decisive in persuading international investors to allocate funds to Taiwan. He called for easing tax burdens and FX restrictions while broadening the product lineup beyond ETFs. The proposed expansion into alternatives, REITs and private-market strategies would allow local managers to serve a wider range of risk appetites and long-term capital needs.