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Taiwan global investment forum to be held in US, UK

The 2005 Taiwan Global Investment Forum, which is organized by Euromoney Institutional Investor PLC to attract foreign investors, is scheduled to take place on Oct. 13-14 in New York in the US, and on Oct. 17-18 in London in the UK, the Financial Supervisory Commission (FSC) said in a statement yesterday.

FSC Chairman Kong Jaw-sheng (龔照勝) will give a keynote speech on the reform of Taiwan's financial supervisory system, while several industry leaders from the nation's financial, high-tech and communications sectors will speak on latest industry development and business opportunities for foreign investors at the forum.

Gary Tseng (曾國烈), director-general of the FSC's Bureau of Monetary Affairs, Wu Tang-chieh (吳當傑), head of the FSC's Securities and Futures Bureau, and Wu Nai-jen (吳乃仁), chairman of the Taiwan Stock Exchange (TSE), are also invited to give speeches at the forum.

Industry heavyweights invited to participate in the event include: Blackstone Group founder Peter Peterson, former chairman of the US Securities and Exchange Commission William Donaldson, UBS AG vice chairman and former US senator Phil Gramm, and Michael Wishart, managing director of the high technology group at Goldman Sachs, according to the statement.

The FSC said that it hopes the forum will help introduce reforms and other new developments in Taiwan's financial markets, attract investment from foreign financial institutions and portfolio investors, and spur globalization and liberalization of the nation's financial markets and systems.

It is also hoped that the event will allow foreign investors a further understanding of the results of the integrated financial supervisory system which Taiwan has adopted over the past year, according to the statement.

The FSC, established in July of last year, has successfully integrated various government agencies that were previously under the Central Bank of China, the Central Deposit Insurance Corp and the Ministry of Finance, into one umbrella agency.

The commission has recently launched an overseas representative office in New York -- the first of its kind -- and is planning to set up other overseas representative offices overseas in the future. The New York office building is at the intersection of 5th Avenue and 42nd Street in Manhattan, not far from a number of important financial institutions.

Kong is scheduled to host an evening cocktail party to celebrate the opening of the New York office on Oct. 13, and will depart for London on Oct. 15.
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