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Market Chatter: Taiwan to Relax Offshore Private Fund Investor Limit by October

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Taiwan plans to relax the 99-investor cap for offshore private equity and private credit funds offered in its dedicated wealth-management zone by October, Bloomberg News reported Tuesday, citing Financial Supervisory Commission Chairman Peng Jin-lung.

The funds are currently available to Taiwanese individual investors through licensed banks or asset managers, with each investor required to have at least NT$30 million in assets, according to the report.

The regulator also plans to expand family-office advisory services and ease restrictions on certain life insurance products in the wealth zone next month, Peng said.

Taiwan is seeking to develop the island into a regional wealth-management hub amid rising private wealth and strong capital markets, Bloomberg said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

What else is happening in Asia?

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ASX:GMG
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TPE:5522
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KLSE:SEALINK