Radio Taiwan Internatrional
Taiwan’s Cabinet on Thursday passed a plan of action for financial services development in
The plan includes four major goals for creating global competitiveness in the financial field. One involves establishing an international finance management platform. Another is a plan to add a hundred more listed companies to the stock market within two years. A third encourages insurance companies to invest in domestic industries. And the fourth goal is to accept ten applications for innovative financial projects within the next three years.
Premier William Lai said Thursday that the initiative is the most complete financial development plan proposed by the government to help raise Taiwan’s competitiveness in the global financial market. [FULL STORY]