Tsai vows to liberalize finance rules

‘INCREASINGLY FAVORED’: Taiwan’s ‘transparent laws and efficient courts’ as well as its financial institutions give it a major advantage to become a financial hub, Tsai said

Taipei Times
Date: Aug 01, 2020
By: Angelica Oung / Staff reporter

President Tsai Ing-wen speaks at the opening ceremony of the 2020 Taiwan Capital Market Forum, held by the Liberty Times, in Taipei’s Neihu Disitrct yesterday.
Photo: Liu Hsin-de, Taipei Times

Taiwan would liberalize banking and investment rules to establish itself as a regional financial hub, President Tsai Ing-wen (蔡英文) told the Taiwan Capital Market Forum in Taipei yesterday.

Recent world events could be an opening for Taiwan to become an international center for business investments and financial management, Tsai said at the forum, which was organized by the Chinese-language Liberty Times (the sister publication of the Taipei Times).

“We’re facing unknowns in the world right now, including the continuing impact of US-China trade tensions and the reorganization of the global supply chain after COVID-19,” Tsai said. “These bring new challenges and opportunities.”

said that Taiwan has two major advantages.    [FULL  STORY]

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