KGI Kaohsiung Asian Capital Center celebrates its anniversary with AUM of nearly 40 billion

In response to the government's policy of building an "Asian Asset Management Center", KGI Bank recently held a celebration event to celebrate the anniversary of its establishment of the Kaohsiung Asian Asset Management Center. KGI Bank said that since its establishment one year ago, the asset management scale of high-asset customers served by the Asian Asset Center has reached nearly NT$40 billion. By integrating the banking, securities, and life resources of KGI Holdings, it has expanded the wealth management service capacity for high-asset customers.

Kaohsiung Mayor Chen Qimai said that the Kaohsiung Asian Asset Management Center Zone has achieved initial results after one year of establishment. Currently, the Financial Supervisory Commission has approved 59 financial institutions to handle trial business, with assets under management reaching 728.1 billion yuan, and a total of 189 family offices have served. With the transformation of Kaohsiung's industries, the upgrading of financial services, and the advancement of the Asian Capital Center policy, industry and financial services have the opportunity to complement each other and drive a new wave of investment and economic growth momentum.

Shen Rongjin, vice chairman of KGI Holdings, said that KGI Holdings has actively responded to the government's "retaining wealth and attracting investment" policy. Currently, its banking, securities and life businesses have all settled in the Kaohsiung Asian Capital Center area, and integrated the group's resources with the "One KGI" strategy to connect wealth management, insurance planning and capital market services, extending from personal wealth management to business operations and family inheritance, providing one-stop financial solutions.

Lin Suzhen, general manager of KGI Bank, said that the needs of high-asset customers are no longer limited to personal investment and financial management, but have further extended to corporate operations, cross-border layout and family inheritance. Therefore, wealth management services have gradually shifted from single product sales to integrated and advisory services.

She pointed out that KGI Bank is based in Asia's New Bay Area to create a platform that connects the needs of individuals, businesses and families. One year after the establishment of the Asian Capital Center, the asset management scale of high-asset customers has reached nearly 40 billion yuan, which shows that Kaohsiung's high-asset market has certain service needs and room for development.

In terms of group synergy, KGI Life launched pilot products through the Asian Capital Center area, achieving its goals ahead of schedule and exceeding the target; KGI Securities used the OSU platform, overseas network and group resources to expand overseas customer markets and assist customers in cross-border capital allocation and asset activation.

KGI Bank stated that the Kaohsiung Asian Capital Center was re-planned and built by the Kaohsiung branch, which has been deeply involved in the local area for more than 30 years. In addition to the original general finance, wealth management and corporate financial services, it is also combined with the corporate financial regional center to form a one-stop service platform covering individual, corporate and family customers.