Taiwan’s Finance Regulator Vows to Ease Rules to Stoke Growth
- Regulator wants to expand use of financial products in Taiwan
- Regulator plans to issue new rules on fintech, virtual assets
The Taiwan Stock Exchange Corp. headquarters in Taipei.
Photographer: I-Hwa Cheng/BloombergThis article is for subscribers only.
Taiwan plans to ease rules to allow the finance industry to become a bigger part of the island’s economic output amid a tech-led boom in investments, according to the new head of its market watchdog.
“Taiwan financial industry output only makes up 6% of our GDP,” said Peng Jin-lung, the chairman of Taiwan’s Financial Supervisory Commission at a media presentation on Friday. “There’s more room to expand the market by easing rules and providing more products.”