Taiwan Urges US$630 Billion Asset Management Sector to Enhance Global Competitiveness

Taiwan's Financial Supervisory Commission (FSC) has called on the island's US$630 billion asset management industry to scale up in order to compete more effectively as a regional financial hub.

FSC Chairman Peng Jin-lung urged firms to leverage Taiwan's strengths in the global technology sector and tap domestic capital pools to build significant scale. Officials framed the push as both an economic and geopolitical priority aimed at bolstering Taiwan's financial resilience amid growing pressure from Beijing.