Chairman of the Taiwan Stock Exchange Corp (證交所) Sean Chen (陳沖) proposed that his corporation should merge with the Taiwan Futures Exchange (期交所) and the Gretai Securities Market (櫃檯買賣中心), formerly known as TAISDAQ, into a unified body to beef up the competitiveness of the nation's capital markets.
"The merger will greatly help the integration of to-be-traded capital commodities," Chen told a seminar on Thursday to discuss the possible cooperation between Taiwan's and Hong Kong's capital markets.
Chen, in addition, proposed that the local bourse should interconnect with several Asian bourses to facilitate a greater Chinese index, which follows a basket of Asian stocks, to attract investors from Europe and the US.
Taiwanese businesses, which plan to go on trading on the TAIEX, should become a listed company in Hong Kong simultaneously and beforehand, Chen said, adding that a cross-border stock transaction platform in East Asian markets should also be facilitated.
He added that all of his proposals were technically feasible, awaiting an approval from the policy-maker, since he had privately conducted an exchange of views with his counterparts in Tokyo and Hong Kong bourses, who found the practice workable.
In response, local media cited an unidentified finance official that more discussion were required to discuss the feasibility of Chen's proposals.
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
Malaysia’s leader yesterday announced plans to build a massive semiconductor design park, aiming to boost the Southeast Asian nation’s role in the global chip industry. A prominent player in the semiconductor industry for decades, Malaysia accounts for an estimated 13 percent of global back-end manufacturing, according to German tech giant Bosch. Now it wants to go beyond production and emerge as a chip design powerhouse too, Malaysian Prime Minister Anwar Ibrahim said. “I am pleased to announce the largest IC (integrated circuit) Design Park in Southeast Asia, that will house world-class anchor tenants and collaborate with global companies such as Arm [Holdings PLC],”
TRANSFORMATION: Taiwan is now home to the largest Google hardware research and development center outside of the US, thanks to the nation’s economic policies President Tsai Ing-wen (蔡英文) yesterday attended an event marking the opening of Google’s second hardware research and development (R&D) office in Taiwan, which was held at New Taipei City’s Banciao District (板橋). This signals Taiwan’s transformation into the world’s largest Google hardware research and development center outside of the US, validating the nation’s economic policy in the past eight years, she said. The “five plus two” innovative industries policy, “six core strategic industries” initiative and infrastructure projects have grown the national industry and established resilient supply chains that withstood the COVID-19 pandemic, Tsai said. Taiwan has improved investment conditions of the domestic economy
Sales in the retail, and food and beverage sectors last month continued to rise, increasing 0.7 percent and 13.6 percent respectively from a year earlier, setting record highs for the month of March, the Ministry of Economic Affairs said yesterday. Sales in the wholesale sector also grew last month by 4.6 annually, mainly due to the business opportunities for emerging applications related to artificial intelligence (AI) and high-performance computing technologies, the ministry said in a report. The ministry forecast that retail, and food and beverage sales this month would retain their growth momentum as the former would benefit from Tomb Sweeping Day