The Taiwan Stock Exchange (TWSE) outlined the many advantages of investing in the Taiwan market, as well as its future development plans, at the ‘Invest Taiwan, Kuala Lumpur’ Forum held today in Kuala Lumpur, Malaysia.
During his opening remarks, Mr. Chien Lih-chung, Senior Executive Vice President of the TWSE, outlined the exchange’s main focuses for the remainder of 2016 in the areas of corporate governance, as well as reforms to the ETF market, including:
- Expanding the availability of e-voting and setup of audit committees at listed companies;
- Promoting the upcoming Stewardship Code for institutional investors;
- Extending trading hours for offshore ETFs; and
- Increasing the number of foreign markets covered by ETFs listed on TWSE, as well as the number of ETF dual-listings.
The ‘Invest Taiwan, Kuala Lumpur’ Forum was jointly organized by TWSE, Sinopec Securities and RHB Banking Group. The corporate governance-focused event bought together 80 institutional investors from across Malaysia and Taiwan with ten Shariah-compliant Taiwan-listed companies. These companies are also constituents of the FTSE TWSE Taiwan Shariah Index, which launched in 2008.
“The TWSE has been extremely active in marketing the Taiwan capital market to international audiences, particularly the presence of the ‘3Ps’ of Pricing (reasonable P/E ratios), Prosperity (high turnover rates) and Profitability (high dividend yields) in Taiwan. We are also taking steps to encourage better corporate governance and transparency following the launch of the Corporate Governance Roadmap and the establishment of the Corporate Governance Center together with Taiwan’s Financial Supervisory Commission. We also look forward to introducing more market reforms and deregulations, while also diversifying the range of financial products available on TWSE, in order to attract more global investors and to stimulate the market,” said Mr. Chien.
- Expanding the availability of e-voting and setup of audit committees at listed companies;
- Promoting the upcoming Stewardship Code for institutional investors;
- Extending trading hours for offshore ETFs; and
- Increasing the number of foreign markets covered by ETFs listed on TWSE, as well as the number of ETF dual-listings.
The ‘Invest Taiwan, Kuala Lumpur’ Forum was jointly organized by TWSE, Sinopec Securities and RHB Banking Group. The corporate governance-focused event bought together 80 institutional investors from across Malaysia and Taiwan with ten Shariah-compliant Taiwan-listed companies. These companies are also constituents of the FTSE TWSE Taiwan Shariah Index, which launched in 2008.
“The TWSE has been extremely active in marketing the Taiwan capital market to international audiences, particularly the presence of the ‘3Ps’ of Pricing (reasonable P/E ratios), Prosperity (high turnover rates) and Profitability (high dividend yields) in Taiwan. We are also taking steps to encourage better corporate governance and transparency following the launch of the Corporate Governance Roadmap and the establishment of the Corporate Governance Center together with Taiwan’s Financial Supervisory Commission. We also look forward to introducing more market reforms and deregulations, while also diversifying the range of financial products available on TWSE, in order to attract more global investors and to stimulate the market,” said Mr. Chien.