“The Committee for financial supervision in Taiwan (FSC) explains the advantages of Taiwan’s free economic pilot zones (FEPZ) according to the Taiwanese financial supervisory Commisson, is a program to facilitate administrative in the free economic pilot zones” the Republic of China (Taiwan), lead to increased foreign investment, job vacancies, commercial revenues and tax income. The FEPZ initiative is a political core theme of the Taiwanese Government. The Commission is responsible for designing development policies, to stimulate Taiwan’s financial sector. According to an official statement, the FSC has submitted a detailed political guidance the Cabinet, which is focused to simplify regulations, thus increasing investment and talent development. Development strategies are conform with similar agreements that already by other countries adopted content support sector development and at the same time balancing the need for greater investor protection.
The Strategies include permission for local banks and brokerage firms, due to their off-shore banking and their security forces, to offer diverse products and services for foreign investors in Taiwan. These measures are not extended to products and services that run on new Taiwan dollar or those that are related to the currency exchange and interest rates. Local brokerage firms will be able to offer non-native investors in Taiwan, securities and custody services in foreign currency, in addition to derivatives Yuan based on which are accessible for everyone. The FSC expected resulting business activities, which incoming investments amounting to NT$ 300 billion (US$ 10 billion) put on and in the period of the next five years to NT$ 30 billion or NT will raise the earnings of local banks and brokerages $ 40 billion. It is also expected that approx. 1200-1250 new jobs will be created, and NT$ 2.7 billion in the chests of the Central Government will be. The FSC works currently on a comparative study of the liberalisation measures, already adopted by the Governments of Hong Kongs and Singapore.