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More than 95% of Taiwanese business are small and medium
business. They have tremendous contribution to Taiwan
economical success, and yet they are vulnerable to dramatic
changes in legal and operating environments as our
previous experience has indicated. The abilities for these
small and medium businesses to adapt to new legal and
operation environments resulted from new regional financial
center are uncertain, and is difficult to predict. This study
is intended to carefully review and evaluate the proposed
changes that the government has decided to implement for the
regional financial center, point out the economic impact, and
the possible competition it might bring from abroad.
This research was carried out by reviewing government proposal
of various regulations that were related to target small and
medium business, conducting survey over medium businesses
owners, and proposing the necessary strategies that should
be taken in order to accommodate this new change.
There are seven common factors selected after processing factor
analysis, which explain 87.08% of total observed variance ,
including 「Factor of Internationalization」、「Factor of Equity
Financing」、「Factor of Financial Professional」、「Factor of
Government Efficiency」、「Factor of Debt Financing」、「Factor
of Risk」and「Factor of Credit」。The research results indicate
the establishing Taiwan as Asia financial center is positive for
business internationalization, operational risk hedging and
provide various funding resources. This research also indicate
the ability of financial professional and government are
required to improve further. As the various funding cannel
provided, major dealing financial institution structure of
business will also be different. Accompany with tax reform
and establishment of financialcredit rating system, business
financial credit reliability will be significant improved.
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