Financial Supervisory Commission (FSC) Chairman Jin-Lung Peng yesterday provided the first public explanation of the newly established Financial Development and Asian Capital Center Promotion Committee, created to advance Taiwan as an Asian financial hub. He stated that this initiative will serve as an important platform for brainstorming, complementing the existing consultation channels such as the advisory platforms set up by the Big Four accounting firms. Peng also announced that the “Asian Nasdaq” plan will be formally unveiled on October 20, aiming to attract more domestic and international startups to list through regulatory easing.
Peng emphasized the importance of gathering diverse insights for market development, which led to the formation of the Promotion Committee. He explained that two consultation platforms are currently guiding policy: the Big Four advisory platform, established by the heads of the major accounting firms to provide observations and recommendations, and the newly formed Financial Development and Asian Capital Center Promotion Committee, launched on September 11. The latter invited 14 financial holding company leaders, the Financial Services Association, and the Financial Research and Training Institute to provide recommendations on the future development of Taiwan’s financial market and the Asian capital hub. This platform is already operational.
Peng further noted that financial policy decisions shape the entire industry’s development. To support this, the FSC established an Innovation Division earlier this year, focusing on mapping the future directions of the financial market as a reference for industry-supporting policies. This effort is part of broader initiatives, including the Excellence Plan, aimed at fostering development. “As Taiwan faces increasingly direct international competition, we need forward-looking approaches aligned with changing trends,” Peng said.
Chang, Cheng-San, Director of the FSC Securities and Futures Bureau, stated that Taiwan’s version of the “Asian Nasdaq” will be officially presented to the public at a press conference on October 20, positioning Taiwan as a fundraising platform. Peng added that the Asian Capital Center initiative seeks to strengthen Taiwan’s capital market and build a startup investment platform with greater regional and international competitiveness. The October 20 announcement will detail measures focused on high-tech startups, with eased listing regulations designed to attract both domestic and international ventures to list in Taiwan.
Resource: 金管會主委彭金隆：20日宣布亞洲那斯達克計畫
