Seeing the Transformation and Business Innovation of the Trust Industry from the Trust 2.0 Plan

After the establishment of Taiwan's trust law framework in 2001, trust services began to grow substantially, spurring the trust industry to establish a solid foundation and become an important part of the financial industry. However, looking at the growth of trust services over the past 20 year...

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Bibliographic Details
Published inFinancial and Economic Law Review no. 46; pp. 117 - 156
Main Author Chang, Ta-Wei
Format Journal Article
LanguageChinese
Published Taipei City Angle Publishing Co., Ltd 01.01.2021
Subjects
Aging
Financial services
Social responsibility
Trusts
Taiwan
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Summary:After the establishment of Taiwan's trust law framework in 2001, trust services began to grow substantially, spurring the trust industry to establish a solid foundation and become an important part of the financial industry. However, looking at the growth of trust services over the past 20 years, the proportion of investment and financial management is still high. There are few trusts that are truly tailor-made for customers, and many basic trust services have not yet been provided. However, in terms of social environment, the problem of aging is becoming more and more serious. In this case, how to respond to the various needs of the aging society and the people? It is the social responsibility of the trust industry to develop trusts that meet the needs of the people. Therefore, the FSC released the Trust 2.0 plan, hoping to reverse this trend. This paper discusses the trust industry from a comparison with the foreign trust industry's business models and trust services. Through transformation and business inn
ISSN:1815-008X
DOI:10.3966/1815008X465