The Taiwan Stock Exchange Corp (TSE) plans to launch four-day road shows to Singapore and Hong Kong on Jan. 15 as part of its efforts to lure back foreign capital, an exchange executive said yesterday.
Led by TSE chairman Wu Rong-i (吳榮義), a delegation including representatives of 30 top Taiwanese listed firms will take part in the road shows, TSE president Su Song-chin (蘇松欽) said.
The delegation will include representatives from firms such as China Steel Corp (
The TSE is seeking to sell up to 25 percent of its shares to foreign investors by early next year, along with its planned merger with the GRETAI stock exchange (櫃台買賣中心), Taiwan Futures Exchange (台灣期貨交易所) and the Taiwan Depository and Clearing Corp (台灣集中保管結算所) this year. The merger is still pending legislative approval.
Foreign investors had pumped NT$8 trillion (US$246.6 billion) into the local stock market by October last year, up from NT$1 trillion in 2000. Foreign investment amounted to 33 percent of last year's total, down from 34 percent in 2006, but an increase from 16 percent in 2000.
After signing a letter of intent last month, the bourse will ink an official agreement with visiting officials from the Abu Dhabi Securities Market later this month to launch the mutual listing of exchange traded funds (ETF) on each other's markets, Su said yesterday.
"The TSE will realize the dual-listing platform by the first half of this year in an effort to encourage foreign ETFs to list on the local bourse," Su said.
The TSE also plans to sign dual-listing agreements with Asian bourses in Japan, South Korea, Hong Kong, Singapore and Thailand, Su said, adding that NT dollar-denominated ETFs would soon be traded in the local market, followed by foreign-currency ETFs.
The Polaris Taiwan Top 50 Tracker Fund (TTT), the nation's first ETF, which was launched in June 2003 by Polaris International Securities Investment Trust Co (
In October 2006, Polaris SITC became the nation's first asset management company to use a new customized index to issue ETFs through its partnership with US-based Standard & Poor's, the world's leading index provider.
When an apartment comes up for rent in Germany’s big cities, hundreds of prospective tenants often queue down the street to view it, but the acute shortage of affordable housing is getting scant attention ahead of today’s snap general election. “Housing is one of the main problems for people, but nobody talks about it, nobody takes it seriously,” said Andreas Ibel, president of Build Europe, an association representing housing developers. Migration and the sluggish economy top the list of voters’ concerns, but analysts say housing policy fails to break through as returns on investment take time to register, making the
NOT TO WORRY: Some people are concerned funds might continue moving out of the country, but the central bank said financial account outflows are not unusual in Taiwan Taiwan’s outbound investments hit a new high last year due to investments made by contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and other major manufacturers to boost global expansion, the central bank said on Thursday. The net increase in outbound investments last year reached a record US$21.05 billion, while the net increase in outbound investments by Taiwanese residents reached a record US$31.98 billion, central bank data showed. Chen Fei-wen (陳斐紋), deputy director of the central bank’s Department of Economic Research, said the increase was largely due to TSMC’s efforts to expand production in the US and Japan. Investments by Vanguard International
WARNING SHOT: The US president has threatened to impose 25 percent tariffs on all imported vehicles, and similar or higher duties on pharmaceuticals and semiconductors US President Donald Trump on Wednesday suggested that a trade deal with China was “possible” — a key target in the US leader’s tariffs policy. The US in 2020 had already agreed to “a great trade deal with China” and a new deal was “possible,” Trump said. Trump said he expected Chinese President Xi Jinping (習近平) to visit the US, without giving a timeline for his trip. Trump also said that he was talking to China about TikTok, as the US seeks to broker a sale of the popular app owned by Chinese firm ByteDance Ltd (字節跳動). Trump last week said that he had
STRUGGLING TO SURVIVE: The group is proposing a consortium of investors, with Tesla as the largest backer, and possibly a minority investment by Hon Hai Precision Nissan Motor Co shares jumped after the Financial Times reported that a high-level Japanese group has drawn up plans to seek investment from Elon Musk’s Tesla Inc to aid the struggling automaker. The group believes the electric vehicle (EV) maker is interested in acquiring Nissan’s plants in the US, the newspaper reported, citing people it did not identify. The proposal envisions a consortium of investors, with Tesla as the largest backer, but also includes the possibility of a minority investment by Hon Hai Precision Industry Co (鴻海精密) to prevent a full takeover by the Apple supplier, the report said. The group is
RSS