Taiwan Plans New Incentives for Asian Asset-Management Hub

President Lai Ching-te’s government is pursuing an Asian asset-management hub to expand Taiwan’s wealth-management and cross-border financial services and attract more international capital and financial institutions. The initiative also links financial-sector development with fundraising for innovative companies, seeking to leverage Taiwan’s technology base and strengthen its competitiveness as a regional center for capital and investment services.

Lai said the government is moving ahead with the plan and has reached a consensus with the Ministry of Finance on additional policy support, though he did not disclose specific measures, dates or financial commitments. The next phase will focus on innovative financial products and rules for cross-border services, while expanding the Taiwan Innovation Board into a broader Asian fundraising platform for growth companies.