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Filtering by Tag: China

Taiwan and the Advent of a Cross-Strait Financial Industry

Duncan Hsu

Miller Center, University of Virginia

From 2008, Ma Ying-jeou has raised the possibility of Taiwan becoming an Asia Pacific financial center. Rather than taking the necessary steps to upgrade Taiwan's capability in finance on a comprehensive basis, the Ma administration has focused predominantly on expanding cross-Strait financial flows. This paper introduces the background and details the process of liberalization in banking, insurance and securities. Implications of such development for Taiwan's economy are explored followed by a review of prospects for the future.

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