KAOHSIUNG (TVBS News) — The "Asset Management Hub in Asia" (亞洲資產管理中心) launched its first financial zone in Kaohsiung (高雄) on Friday (Dec. 6), marking a significant milestone for Taiwan's financial sector. A total of 16 companies signed memorandums of understanding to collaborate, with Financial Supervisory Commission (FSC, 金管會) Chairman Peng Jin-lung (彭金隆) expecting applications to open in the first quarter of 2025 and operations to begin as early as the first half of next year.
Peng led nearly 50 domestic large commercial banks, insurance companies, securities firms, and investment consulting firms to visit the designated site of the Kaohsiung financial zone. The FSC aims to establish the hub, with Kaohsiung as the first experimental site in Taiwan. Kaohsiung Mayor Chen Chi-mai (陳其邁) highlighted the city's efforts to secure the "offshore asset management center cluster" during former President Tsai Ing-wen's (蔡英文) tenure. He noted that the scale of domestic banks and life insurance companies' asset management has exceeded trillions of Taiwanese dollars, emphasizing that now is the best time for Taiwan to develop offshore financial products.
Chen underscored Kaohsiung's strategic advantages, including its dual sea and air ports and its status as Taiwan's manufacturing hub. Recent investments in advanced semiconductor processes, electric vehicles, AI smart technology, and high-end software services have injected new industrial capacity into the city.