How to do it?
To attain this goal, we have to take into account the fiscal stability at home.
In the short term, we will use service functions and legal framework as standards for
dividing the financial market into a domestic segment and an offshore segment.
Operations of the offshore market will be totally free, whereas those of the domestic market
will be liberalized gradually. We are proactively improving the general conditions
for the development of the financial center. In addition, we will emphasize on deepening
and broadening our foreign exchange market, our offshore banking unit and our
forign currency market to attract foreign financial institutions to establish a presence in Taiwan,
so as to enhance Taiwan's position as a regional funding center. In the medium and long terms,
we will begin with the expansion of our bond and stock markets,
inprove the regulation and efficiency of the capital market,
and move toward its internationalization.