Taiwan Opens Promotion Office to Attract Asset Managers
The competition for attracting asset managers intensifies in Asia with Taiwan launching its own promotion office.
Taiwan has officially launched the Asian Asset Management Center (AAMC) Promotion Office, according to a statement. The office was established by the Taiwan Stock Exchange (TWSE) under the oversight of the local regulator, the Financial Supervisory Commission (FSC). It provides consultation services covering regulatory compliance, licensing procedures and operational matters.
An AAMC website has also been unveiled, which offers updates from regulators, industry bodies and affiliated agencies alongside policy briefings, market insights and consultation services for institutional investors and the general public.
Financial Hub Ambitions
Taiwan is the latest market aiming to become a leading financial hub amid growing competition worldwide. The AAMC was established in September 2024 with its Kaohsiung Zone launched in July, attracting financial institutions to set up, including Taipei-based Cathay United Bank which formed its first private banking operation.
«Taiwan offers a compelling combination of robust private savings, a resilient financial system, and strong synergies with the tech sector. This gives us a strategic edge in developing a globally competitive asset management hub,» said TWSE chairman and CEO Sherman Lin. «The Promotion Office will play a pivotal role in translating policy into practice and unlocking new growth opportunities.»
Year-on-year Tawan’s investment management industry has seen asset rise nearly NT$3 trillion ($98 billion).
