Cross-Sector Integration for Senior Finance: TFASC and Hua Nan Bank Promote Elderly Care Trusts
TFASC and Hua Nan Bank partnered to offer integrated elderly care trusts, combining real estate management to turn rental income into stable living funds for seniors.
📋 Article Processing Timeline
- 📰 Published: April 15, 2026 at 14:00
- 🔍 Collected: April 15, 2026 at 14:31 (31 min after Published)
- 🤖 AI Analyzed: April 19, 2026 at 06:37 (88h 5m after Collected)
Central News Agency
(CNA Reporter Lu Yan-ci, Taipei, 15th) Taiwan entered a super-aged society at the end of last year. Lih Sing Asset Management Co., a wholly-owned subsidiary of Taiwan Financial Asset Service Corp (TFASC), signed a memorandum of understanding with Hua Nan Bank today. They will carry out cross-border resource integration through elderly care trusts, such as incorporating real estate management to use real estate rental income for elderly care expenses, balancing life care and financial autonomy needs.
TFASC has recently been actively cooperating with various financial institutions, integrating subleasing and trust businesses to provide diverse services. The announcement of cooperation with Hua Nan Bank marks its 4th cross-industry collaboration with 8 major state-owned banks, hoping to fully establish a cross-industry cooperation network with all state-owned banks.
TFASC Chairman Kung Wen-ping explained that according to the latest statistics from the Ministry of the Interior, the population aged 65 and over in Taiwan accounted for 20.06% of the total population at the end of last year, officially entering a super-aged society. In particular, the Taipei metropolitan area accounts for about 25%, making elderly care trusts highly necessary.
Kung stated that integrated, comprehensive elderly care trusts have become the mainstream in the current market. They hope to seek cooperation with various state-owned banks to integrate subleasing and trust businesses to provide the public with more diverse services. Hua Nan Bank provides services such as "Elderly Care Trusts" and "Rent-for-Care Trusts" for seniors and those preparing for retirement, making retirement living arrangements more secure.
Kung mentioned that Hua Nan Bank leads its peers in the performance of the elderly care trust business and has many elderly customers. Starting from the practical needs of elderly care trusts that "retain property for old age," through TFASC's professional real estate and lease management, idle or difficult-to-manage real estate can be activated into rental income. This then connects to the trust system's payment arrangements, making the source of elderly care funds more stable and organized, allowing seniors to keep their properties and continue to enjoy the potential for property value appreciation.
Kung expressed hope that based on the existing cooperation framework between both parties, they will further establish standard operating procedures and referral mechanisms, allowing customers who need elderly care trusts to simultaneously obtain real estate management solutions, creating a one-stop service for seniors.
Kung emphasized that promoting businesses such as affordable housing, urban renewal of unsafe and old buildings, and subleasing to realize the core concepts of starting a family with peace of mind, safe living, and comfortable life, to implement the goal of "housing justice," are the three main pillars of TFASC's business promotion.
Regarding the subleasing business, Kung said that since its launch in October last year, business promotion has actively progressed, and performance is gradually becoming apparent. In particular, cross-industry business cooperation with shareholder banks has enhanced corporate brand image and business expansion, creating mutually beneficial and win-win results. (Editor: Lin Shu-yuan) 1150415
(CNA Reporter Lu Yan-ci, Taipei, 15th) Taiwan entered a super-aged society at the end of last year. Lih Sing Asset Management Co., a wholly-owned subsidiary of Taiwan Financial Asset Service Corp (TFASC), signed a memorandum of understanding with Hua Nan Bank today. They will carry out cross-border resource integration through elderly care trusts, such as incorporating real estate management to use real estate rental income for elderly care expenses, balancing life care and financial autonomy needs.
TFASC has recently been actively cooperating with various financial institutions, integrating subleasing and trust businesses to provide diverse services. The announcement of cooperation with Hua Nan Bank marks its 4th cross-industry collaboration with 8 major state-owned banks, hoping to fully establish a cross-industry cooperation network with all state-owned banks.
TFASC Chairman Kung Wen-ping explained that according to the latest statistics from the Ministry of the Interior, the population aged 65 and over in Taiwan accounted for 20.06% of the total population at the end of last year, officially entering a super-aged society. In particular, the Taipei metropolitan area accounts for about 25%, making elderly care trusts highly necessary.
Kung stated that integrated, comprehensive elderly care trusts have become the mainstream in the current market. They hope to seek cooperation with various state-owned banks to integrate subleasing and trust businesses to provide the public with more diverse services. Hua Nan Bank provides services such as "Elderly Care Trusts" and "Rent-for-Care Trusts" for seniors and those preparing for retirement, making retirement living arrangements more secure.
Kung mentioned that Hua Nan Bank leads its peers in the performance of the elderly care trust business and has many elderly customers. Starting from the practical needs of elderly care trusts that "retain property for old age," through TFASC's professional real estate and lease management, idle or difficult-to-manage real estate can be activated into rental income. This then connects to the trust system's payment arrangements, making the source of elderly care funds more stable and organized, allowing seniors to keep their properties and continue to enjoy the potential for property value appreciation.
Kung expressed hope that based on the existing cooperation framework between both parties, they will further establish standard operating procedures and referral mechanisms, allowing customers who need elderly care trusts to simultaneously obtain real estate management solutions, creating a one-stop service for seniors.
Kung emphasized that promoting businesses such as affordable housing, urban renewal of unsafe and old buildings, and subleasing to realize the core concepts of starting a family with peace of mind, safe living, and comfortable life, to implement the goal of "housing justice," are the three main pillars of TFASC's business promotion.
Regarding the subleasing business, Kung said that since its launch in October last year, business promotion has actively progressed, and performance is gradually becoming apparent. In particular, cross-industry business cooperation with shareholder banks has enhanced corporate brand image and business expansion, creating mutually beneficial and win-win results. (Editor: Lin Shu-yuan) 1150415