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Taiwan Banking & Financial Services Q3 2019

Key View:

We hold a favourable view on Taiwan's Banking and Financial Services sector that has remained largely unchanged sinceour last update. Already well developed and regulated across the four markets we track - banking, insurance, assetmanagement and stock exchanges - the sector continues to offer plenty of upside potential and is increasingly catching the eye ofoverseas investors. More broadly, we highlight that the banking and financial services sector is well regulated and ranks favourably interms of ease of doing business and resolving insolvency, according to World Bank research. At present, the country's Banking andFinancial Services landscape is largely dominated by domestic players; however, Taiwanese authorities are attempting to encourageincreased investment from overseas going forward - although we expect progress in this area to be slow in the near term. In thefragmented banking sector we see plenty of scope for consolidation via mergers and acquisitions to meet the growth objectives ofits leading players. In the highly developed insurance sector, we forecast a continuation of rapid growth across our forecast periodin both the life and non-life markets - albeit faster across our forecast period in the case of the smaller non-life market. In the assetmanagement industry, SITCA, the leading industry association, is reportedly pushing for further regulatory changes that will be morefavourable for private equity and individual saving account-related products. Meanwhile in the stock exchange sector, the TaipeiStock Exchange has started making moves to actively promote listing from overseas, with a focus on Malaysia and investment fromSouth Korea, Japan and Hong Kong. Our core view continues to be that further political integration is likely and the status quo will


Key View
SWOT
Banking & Financial Services SWOT
Banking
Banking Snapshot
Forecast Scenario
Forecast Tables
Competitive Landscape
Regulatory Environment
Insurance
Insurance Snapshot
Competitive Landscape
Regulatory Environment
Asset Management
Asset Management Snapshot
Competitive Landscape
Regulatory Environment
Stock Exchanges
Stock Exchanges Snapshot
Competitive Landscape
Regulatory Environment
Macroeconomic Overview
Taiwan's GDP Growth Set To Weaken Amid Slowing Electronics Demand
Macroeconomic Forecasts
Household Income Forecasts
Taiwan Demographic Outlook
Banking & Financial Services Methodology

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