Taiwan banks seen opposing online funds platform
Taiwan's launch of an online funds supermarket face challenges, partly from local banks. In the second part of a two-part series, industry observers suggest looking to China for ideas.
The introduction of an online fund supermarket in Taiwan could shake up the country’s funds industry, but local banks – concerned about a rise in competition – are trying to prevent it taking off.
In order to overcome such opposition, industry players and the regulator could do with looking just across the Taiwan Strait to China for some tips on how to make it work.
The platform is set to go live next month, as noted yesterday, in the first of two articles on the subject, the f…
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