Taiwan is pitching democracy to its investors amid political turmoil in Hong Kong&nbsp;to draw more foreign money and talent.

The country's top financial regulator emphasized the high quality of life and rule of law in the nation to lure more investors and take advantage of the situation.

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Taiwan has been in discussion with foreign financial institutions about increasing the investment in the country according to Financial Supervisory Chairman Huang Tien-mu.

This has been ongoing. It's not only aimed at Hong Kong," Huang said in his first interview with foreign media since being appointed to the post in late May.

The commission has been pushing financial reform to attract money and talent from around the region, and to bring Taiwan's financial system in line with international standards, he said.

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"Our main aim is not to replace any particular region or city," Huang added, when asked if China's new national security law for Hong Kong was an opportunity for Taiwan to supplant the city as Asia's financial centre.

"We hope to attract not only people or funds from one place. We hope to make Taiwan's market even more competitive, so it becomes a financial market that gets more attention in Asia."

Chinese-claimed and democratic Taiwan has condemned the new law, and anti-government protesters in the former British colony have won widespread and cross-party support on the island.

Taiwan opened an office this month to help people fleeing Hong Kong after China imposed the security law on the city, with a senior minister saying at the time Taiwan hoped to seize the opportunity to attract professionals and capital from the city.

But Huang, 61, said problems include Taiwan's more complex tax system, lower salaries, lack of wide usage of English and financial regulations that may be relatively liberal but are not as free as other parts of the world.

"In the short term, this is perhaps not something we can be like others with," added Huang, who started his career in Taiwan's Finance Ministry and has a doctorate from the University of Southern California.

"But Taiwan has its attractions. Our democratic system, rule of law that is transparent," Huang said, pointing to its freedom of speech, ability to elect its own leaders and even legalising of same-sex marriage.

"I've been to many international meetings, and I feel that everyone likes Taiwan - they feel very relaxed when they come here."

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Taiwan is pitching democracy to its investors amid political turmoil in Hong Kong to draw more foreign money and talent. The country's top financial regulator emphasized the high quality of life and rule of law in the nation to lure more investors and take advantage of the situation.

Taiwan is pitching democracy to its investors amid political turmoil in Hong Kong to draw more foreign money and talent. The country's top financial regulator emphasized the high quality of life and rule of law in the nation to lure more investors and take advantage of the situation. Also read| Eye on Taiwan: Now, China puts stealth fighter jet J-20B in mass production Taiwan has been in discussion with foreign financial institutions about increasing the investment in the country according to Financial Supervisory Chairman Huang Tien-mu. This has been ongoing. It's not only aimed at Hong Kong," Huang said in his first interview with foreign media since being appointed to the post in late May. The commission has been pushing financial reform to attract money and talent from around the region, and to bring Taiwan's financial system in line with international standards, he said. Also read: US approves $620 million missile upgrade package for Taiwan "Our main aim is not to replace any particular region or city," Huang added, when asked if China's new national security law for Hong Kong was an opportunity for Taiwan to supplant the city as Asia's financial centre. "We hope to attract not only people or funds from one place. We hope to make Taiwan's market even more competitive, so it becomes a financial market that gets more attention in Asia." Chinese-claimed and democratic Taiwan has condemned the new law, and anti-government protesters in the former British colony have won widespread and cross-party support on the island. Taiwan opened an office this month to help people fleeing Hong Kong after China imposed the security law on the city, with a senior minister saying at the time Taiwan hoped to seize the opportunity to attract professionals and capital from the city. But Huang, 61, said problems include Taiwan's more complex tax system, lower salaries, lack of wide usage of English and financial regulations that may be relatively liberal but are not as free as other parts of the world. "In the short term, this is perhaps not something we can be like others with," added Huang, who started his career in Taiwan's Finance Ministry and has a doctorate from the University of Southern California. "But Taiwan has its attractions. Our democratic system, rule of law that is transparent," Huang said, pointing to its freedom of speech, ability to elect its own leaders and even legalising of same-sex marriage. "I've been to many international meetings, and I feel that everyone likes Taiwan - they feel very relaxed when they come here."

Taiwan pitching democracy to its investors amid Hong Kong convulsion

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Taiwan pitching democracy to its investors amid Hong Kong convulsion