Date
23 May 2018

Taiwan FSC eyes measures to boost financial sector, paper says

Tseng Ming-chung, chairman of Taiwan’s Financial Supervisory Commission (FSC), said on Monday that the regulator is planning to adopt some measures to enhance the contribution of the financial sector to the economy, which he expects to expand between 3.0 and 3.2 percent this year, United Daily News reported Tuesday. Tseng listed out three major measures, namely using Hong Kong and Singapore as reference to further ease restrictions on the financial sector; helping insurance, brokerage and investment trust firms to expand in Asian markets; and allowing more types of stock market operations for investors to spur trading volume, the report said. As of now, the financial sector contributes about 6.2-6.5 percent of Taiwan’s gross domestic product, the report said.

– Contact HKEJ [email protected]

TL/AC/RC

 

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