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Premier meets with bankers to discuss financial sector policies

2012/08/21 12:29:26

Taipei, Aug. 21 (CNA) Premier Sean Chen and other government officials met with representatives of the financial sector Tuesday to exchange views on how to strengthen the industry and help it contribute more to Taiwan's economic development.

The government is hoping to cultivate a financial services sector that is more internationally oriented and technologically proficient, Chen said in his opening remarks at the meeting at the Executive Yuan.

The main topics to be discussed Tuesday were asset management, cross-Taiwan Strait financial issues, and the banking industry's competitiveness, said the Cabinet-level Council for Economic Planning and Development (CEPD), one of the meeting's organizers.

The premier saw the meeting as a chance to create a stronger financial services sector that can benefit Taiwan's struggling economy.

"The financial sector has played an integral part in the (country's economic) growth," Chen said, and he hoped that the opinions raised would be helpful to the government in charting policies related to the sector that would help the economy as a whole.

More than 40 representatives from the banking and financial sector were invited to the gathering to exchange views with the premier and other government officials from the CEPD and the Financial Supervisory Commission.

The closed-door meeting was the third in a series of five gatherings held by the Cabinet as part of its efforts to deal with challenges faced by local businesses amid a global economic slowdown.

(By Elaine Hou)