Lai aims for Asian asset hub status

TRANSFORMATION: Taiwan would leverage its industrial strength to turn the nation into a financial power and enhance its international competitiveness, the president said Taiwan will intensify its initiative to become an Asian asset management center as it seeks to turn its industrial strength into financial clout and enhance the nation’s competitiveness, President William Lai (賴清德) said yesterday.Speaking at a financial development forum in Taipei, Lai said the government would continue adjusting and relaxing financial regulations to give financial institutions greater room to develop the asset management business, but he did not provide any details.The goal is to internationalize Taiwan’s financial markets and establish the country as an important platform connecting industries with globa