Taiwan’s banks need to push into Asean

If the new government’s foreign policy is to be successful, the island's financial institutions will have to step-up their expansion in Southeast Asia.

Taiwan’s banks need to push into Asean

A recent push by Taiwanese financial institutions to expand overseas looks set to accelerate after the country’s new government unveiled initiatives to encourage greater outbound investment.

These initiatives to encourage local banks to carve out a bigger presence in Asean nations are part of a wider southbound policy put forward by Taiwan’s first female president Tsai Ing-wen pictured, who was sworn in on May 20. They form part of a broader strategy to establish...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition