Taiwan as Asia Asset Management Center: Two-Year Progress Report

Asia Asset Management Center
Progress Report
June 16, 2026

Vision
Key Achievements
Promotion Strategies
Outline
04 Future Focus

Building an Asian Asset Management Center with Taiwanese Characteristics Retain Capital Attract Investment Support Industrial Development

1. Vision
   Tangible Results in Two Years, Transformation in Four Years, Success in Six Years

2. Promotion Strategies
   Asset Management Enhancement Plan

• Expand Domestic Asset Management Scale
• Expand Foreign Asset Management Industry Investment
• Establish Local Asset Management Zones
  Inclusive Sustainable Integration Plan
• Establish Taiwan-style TISA System
• Promote Sustainable Green Financial Products
• Train Asset Management Talent
  Wealth Management Promotion Plan
• Fully Promote Private Banking Business
• Promote Family Offices
• Enhance OBU Wealth Management Business
  Capital Investment in Public Construction Plan
• Public Construction and Product Development Planning Project
• Promote Public Construction Investment
• Promote Strategic Investment Projects
  Expand Investment in Taiwan Plan
• REIT Promotion Project
• Expand Investment in Venture Capital and Startups
• Strengthen Capital Market Plan
• Capital Market International Cooperation,
  Cross-border Dual Listing
  START
  Five Plans and 16 Strategies

3. Key Achievements
   Expand Domestic Asset Management Scale

• EDA, Cathay, KUN YI, Fubon, Fuhwa, Allianz, Uni-President, and Nomura, totaling 8 local investment trust companies, have domestic AUM exceeding NT$1 trillion (before promotion: 3 companies)
• 30 active ETFs and 3 passive balanced ETFs listed on exchanges and over-the-counter markets
• As of end-May 2026, the scale of active ETFs has exceeded NT$870 billion
• BlackRock, Allianz, Invesco, Morgan Stanley, BlackRock, Fidelity, Hanmi, and Schroders, totaling 8 foreign investment trust companies, have established regional centers in Taiwan.
  Expand Foreign Asset Management Industry Investment
• The Kaohsiung Asset Management Zone officially launched in July 2025, with 57 financial institutions entering the zone to pilot business operations.
• As of end-April 2026:
  ✓ Banking sector credit financing business: Cumulative disbursements of 2,720 cases, loan balance near NT$49.4 billion ✓ Banking sector wealth management business: Total clients 371, investment balance reached NT$4.3 billion ✓ Investment trusts and advisory industry handling non-securities investment trust nature offshore funds multi-channel pilot business: 12 offshore funds listed, investor holdings amounting to NT$3.3 billion (as of May 2026) ✓ Insurance industry handling products not subject to the minimum ratio regulation for life insurance product death benefit against policy cash value: Cumulative effective contracts 219 cases, total premium income reached NT$3.6 billion Establish Local Asset Management Zones Asset Management Enhancement Plan

Establish Taiwan-style TISA System

• Phase I officially went online in July 2025
• As of end-May 2026:
  ✓ 25 investment trusts providing 45 TISA-level funds ✓ Approximately 164,000 accounts opened ✓ Account asset scale reached NT$17.323 billion
• Sustainable-related bonds (as of end-May 2026):
  ✓ Cumulative issuance of sustainable bonds in our country totaled 317 cases, total issuance amount reaching NT$932.1 billion (compared to 214 cases and NT$60.78 billion at end-June 2024, an increase of 103 cases and NT$32.43 billion, representing a 53.36% growth in amount.) ✓ 4 issuers have issued 5 sustainability-linked/transformation corporate bonds, with a total issuance amount of NT$12.6 billion (since the first issuance in Q3 2024, the issuance amount continues to grow.)
• Insurance industry promotion status (as of end-April 2026):
  ✓ Micro-insurance cumulative insured persons reached 2.013 million; small-sum end-of-life effective contracts reached 1.327 million cases ✓ Insurance industry participation in power-related public construction and green industries:
  Promote Sustainable Green Financial Products
• National Chengchi University Institute of International Finance and National Sun Yat-sen University Institute of International Finance have incorporated three key competency core courses into their two-year master's programs and offered more than 3 related courses.
• Financial Research and Training Center conducted the "Asia Asset Management Center Talent Training Program"
  Train Asset Management Talent
  Item (Unit: NT$ billion) April 2026 June 2024 (Base) Change Amount Investment in renewable energy power plants 865 297 568 Investment in green bonds 1,300 1,004 296 Green electricity and renewable energy industry lending 408 318 90

Fully Promote Private Banking Business
As of end-April 2026:

• Number of banks handling high-net-worth business increased from 12 (June 2024) to 21
• Bank high-net-worth AUM increased from NT$1.17 trillion (June 2024) to NT$2.55 trillion (growth of 118%)
• High-net-worth client count increased from 9,500 (June 2024) to 24,000 (growth of 153%)
• Number of insurance companies handling wealth management business increased from 5 (June 2024) to 8
• Banks handling family office related business have been included in the zone business pilot, cumulatively handling 161 cases, with entrusted managed asset scale near NT$71.2 billion (end-April 2026)
• December 2024: Opened investment advisory firms to handle family office integrated advisory business
• Established that "Taiwan Heritage Trust" duration can last up to 100 years and associated tax principles
  Promote Family Offices
• Banks handling OBU wealth management related business have been included in the zone business pilot
• New OIU product reserve deposit can adopt Singapore actuarial standards, and open insurance liability hedging derivative transactions
• Extended OIU tax incentives to December 31, 2035
  Enhance OBU Wealth Management Business
  Wealth Management Promotion Plan

Public Construction and Product Development Planning Project

• Cooperate with the National Development Council's "Trillion Investment National Development Plan" to set up a platform, encouraging relevant associations and practitioners to propose projects
• Formed a project team consisting of the Taipei Exchange and the Gre Tai Securities Trading Company to assist in guiding capital investment into public construction
  Guide Insurance Industry Investment in Public Construction:
• Relaxed risk coefficient for direct investment and investment in public construction through private equity, venture capital, and REITs to 1.28%
• Expanded public investment to PPP projects, other statutory public constructions, and private equity investment scope
• Opened off-shore wind power construction vessel guarantee loans and added new insurance-related business items
• Investment limit increased from 10% to 15%, including infrastructure, and raised the threshold for direct investment amounts, simplifying administrative procedures
• As of Q1 2026, overall insurance industry funds used for special purpose public and social welfare事业 investment amounted to approximately NT$638.5 billion, an increase of NT$7 billion compared to NT$631.5 billion in Q2 2024.
  Promote Public Construction Investment
• February 2026: Issued interpretation ruling opening insurance industry investment and financing in five trusted industries (semiconductors, Artificial Intelligence (AI), military industry, security control, next-generation communications)
• April 2026: Issued "Encouragement Plan for Insurance Industry Handling Five Trusted and Six Core Strategic Industries, Infrastructure, Public Investment, Long-term Care Elderly Care Business, and Sustainable Development Bond Investment", implementation period from April 2026 to December 2028, divided into 3 phases, target value cumulative increase of NT$300 billion across 3 phases.
  Promote Strategic Investment Projects
  Capital Investment in Public Construction Plan

REIT Promotion Project
"Securities Investment Trust and Advisory Act" has been reviewed clause by clause by the Legislative Yuan, and party group consultations have been completed.

• Built a private fund inquiry platform, which went online on October 27, 2025
• Relaxed sales channels for investment trust subsidiaries and investment trust managing PE/VC funds, and opened securities brokers to sell related PE/VC funds to high-net-worth clients
• Guide insurance funds:
  ✓ Expanded insurance industry investment scope in private equity funds ✓ Reduced risk coefficient for venture capital investment (within NT$50 billion quota) Expand Investment in Venture Capital and Startups
• Taipei Exchange signed Memorandums of Understanding respectively with Philippine Stock Exchange, Dubai Exchange, India INX, and NSEIX
• First Taiwan-Japan cross-border ETF listed on September 18, 2025; currently there are two ETFs listed between Taiwan and Japan
  Capital Market International Cooperation, Cross-border Dual Listing Expand Investment in Taiwan Plan Strengthen Capital Market Plan
• Launched Taiwan Innovation Board new system:
  ✓ Added 12 companies listed
• From 2026 to end-May, total transaction amount was approximately NT$90.8 billion, a 289% growth compared to the same period in 2025 (another NT$24.9 billion for full year 2024)
• From 2026 to end-May, daily average transaction value was NT$956 million, a 281% growth compared to the same period in 2025 (another NT$277 million daily average for 2024)
• Continuing results, promoted "Asia Innovation Financing Platform" plan in October 2025; from 2026 to end-April, added 11 companies listing

September 2024 December 2024 December 2025 April 2026 Regulatory Relaxation Tangible Results Significant Growth in Asset Management Scale Cumulative Regulatory Adjustments 13 cases Cumulative Regulatory Adjustments 46 cases AUM Increase Amount NT$1.72 Trillion AUM Increase Amount NT$5.7 Trillion Cumulative Regulatory Adjustments 52 cases AUM Increase Amount NT$10.62 Trillion Tangible Results in Regulatory Adjustments and Financial Industry Asset Management Scale Increase

4. Future Focus
   Build One-Stop OAMU Financial Services
   Strengthen TISA Function and Incentives
   Review Zone Pilot Results, Study Expansion Nationwide Taiwan Becomes Asian Asset Management Center, Regional Financial Hub Financial Industry Becomes a Source of Pride for Citizens

THANK YOU