[Finance] Sharing the Fruits with Society: Peng Jin-lung to Announce "Financial Grand Feedback" Guidelines in July

The Financial Supervisory Commission (FSC) held its regular press conference today (16th). Coinciding with the Dragon Boat Festival, FSC Chairman Peng Jin-lung had a brief discussion with the media. He stated that Taiwan's financial industry has delivered outstanding performance in the past. To share the fruits of growth with society, the "Financial Grand Feedback" guidelines being developed are nearing completion and are expected to be officially released in July. Additionally, the "Kaohsiung Asset Management Special Zone" by the Asia Financial Center has shown good results, and its trial period will be extended for one year until June 30th of next year. "Financial Grand Feedback" is a policy initiative launched by FSC Chairman Peng Jin-lung, aiming to encourage financial institutions to break free from traditional frameworks and substantially return their business achievements to employees, vulnerable customers, and the general public. To implement this concept, major financial holding companies, banks, and insurance companies have successively established dedicated zones and launched diverse innovative feedback actions in line with the FSC's direction. Peng Jin-lung revealed on the 16th that the FSC has nearly completed the development of the "Financial Grand Feedback" guidelines and will soon conduct final communication with financial institutions. The official release is expected in July. Peng Jin-lung said: "(Original sound) We hope to join hands with our industry to, while developing the financial industry, also consider social trust and investment in social feedback. I believe this is very important." Furthermore, according to FSC statistics, since the "Principles for Financial Institutions Applying to Enter Local Asset Management Special Zones for Trial Operations" were released on April 1, 2025, 57 financial institutions have been approved to enter the Kaohsiung Special Zone for trial operations. Peng Jin-lung also stated that to allow institutions more time to improve internal controls and risk management, the FSC has accepted industry suggestions to extend the trial period for various trial business items in the "Kaohsiung Asset Management Special Zone" for financial institutions until June 30th of next year, and will simultaneously postpone the reporting deadline for trial results and audit unit inspection outcomes. In addition, the special zone will further "expand" the scope of trial items in the future. Preliminary assessments cover three major directions: expanding the scope of cross-border banking services to include high-net-worth clients within the territory; relaxing the "99-investor limit" for offshore funds that are not in the nature of securities investment trust funds or when introducing private equity funds; and allowing insurance products to set up "exclusive accounts for prepaid premiums." Peng Jin-lung also indicated that these expanded or new directions will be announced as soon as possible in July.