Taiwan eyeing Hong Kong’s wealth business
The local regulator is preparing proposals that aim to make Taiwan as appealing as Singapore and Hong Kong as a wealth hub. Challenges abound though.
Taiwan's regulators and investment industry have ambitions to make the island a wealth hub that can compete with Hong Kong and Singapore, but it will very likely be a long road ahead.
The aspirations have been given fresh impetus in the wake of Hong Kong's mass protests – which have now dragged on for some three months and are widely seen hurting Hong Kong's status as a wealth hub, prompting some individuals to move their assets to Taiwan.
With no tidy solution to Hong Kong's pr…
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