Taiwan Stock Exchange Corp (TSE) is trying to lure Taiwanese companies with operations in Southeast Asia to the nation's biggest bourse by easing rules and consolidating, its chairman said.
"We have about 800 Taiwanese companies in Southeast Asia," TSE chairman Wu Rong-i (
Taiwan is the biggest foreign investor in Vietnam, he said.
Taiwanese companies with businesses in Southeast Asia prefer to sell shares on the Singapore exchange, home of the region's biggest equities market.
About 50 Taiwanese companies trade on Southeast Asian bourses, Wu said.
To attract more companies, Taiwan needs to relax rules that restrict how much money companies can raise in an initial public offering (IPO), Wu said.
The nation plans to create this year a new stock market with lower listing requirements, favorable for small and medium-size companies.
Easing regulations on investing in China and merging the nation's four exchanges will help Taiwan compete with Hong Kong for companies with Chinese links, Wu said.
Hong Kong has drawn more IPOs than Taiwan since 2004, data compiled by Bloomberg show.
Taiwanese manufacturers, such as Hon Hai Precision Industry Co (
However, the pro-China Chinese Nationalist Party's (KMT) landslide victory in legislative elections this month may lead to an easing of restrictions on Taiwanese companies investing in China.
The Taiwan Stock Exchange will gain size after merging with its three smaller rivals: the GRETAI Securities Market, Taiwan Futures Exchange and the Taiwan Depository & Clearing Corp. It ranks behind South Korea and ahead of Singapore as Asia's seventh largest, with a market capitalization of about US$696 billion.
The merged entity will take the name the Taiwan Exchange Holding Co and aims to hold an IPO early next year, Wu said.
Wu also said the TSE was discussing with Singapore Exchange Ltd and Tokyo Stock Exchange Inc cross-listings of exchange-traded funds.
ETFs are becoming more popular with investors because they are cheaper and easier to trade than similar mutual funds. Hong Kong Exchanges & Clearing Ltd, manager of Asia's third-biggest stock market, said on Wednesday it planned to roll out more ETFs after a tripling in their traded value last year.
Six Taiwanese companies, including contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), made the 2025 Fortune Global 500 list of the world’s largest firms by revenue. In a report published by New York-based Fortune magazine on Tuesday, Hon Hai Precision Industry Co. (better known as Foxconn) ranked highest among Taiwanese firms, placing 28th with revenue of US$213.69 billion. Up 60 spots from last year, TSMC rose 60 places to reach No. 126 with US$90.16 billion in revenue, followed by Quanta Computer Inc. at 348th, Pegatron Corp. at 461st, CPC Corp., Taiwan at 494th and Wistron Corp. at 496th. According to Fortune, the world’s
WEAKER ACTIVITY: The sharpest deterioration was seen in the electronics and optical components sector, with the production index falling 13.2 points to 44.5 Taiwan’s manufacturing sector last month contracted for a second consecutive month, with the purchasing managers’ index (PMI) slipping to 48, reflecting ongoing caution over trade uncertainties, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The decline reflects growing caution among companies amid uncertainty surrounding US tariffs, semiconductor duties and automotive import levies, and it is also likely linked to fading front-loading activity, CIER president Lien Hsien-ming (連賢明) said. “Some clients have started shifting orders to Southeast Asian countries where tariff regimes are already clear,” Lien told a news conference. Firms across the supply chain are also lowering stock levels to mitigate
NEW PRODUCTS: MediaTek plans to roll out new products this quarter, including a flagship mobile phone chip and a GB10 chip that it is codeveloping with Nvidia Corp MediaTek Inc (聯發科) yesterday projected that revenue this quarter would dip by 7 to 13 percent to between NT$130.1 billion and NT$140 billion (US$4.38 billion and US$4.71 billion), compared with NT$150.37 billion last quarter, which it attributed to subdued front-loading demand and unfavorable foreign exchange rates. The Hsinchu-based chip designer said that the forecast factored in the negative effects of an estimated 6 percent appreciation of the New Taiwan dollar against the greenback. “As some demand has been pulled into the first half of the year and resulted in a different quarterly pattern, we expect the third quarter revenue to decline sequentially,”
DIVERSIFYING: Taiwanese investors are reassessing their preference for US dollar assets and moving toward Europe amid a global shift away from the greenback Taiwanese investors are reassessing their long-held preference for US-dollar assets, shifting their bets to Europe in the latest move by global investors away from the greenback. Taiwanese funds holding European assets have seen an influx of investments recently, pushing their combined value to NT$13.7 billion (US$461 million) as of the end of last month, the highest since 2019, according to data compiled by Bloomberg. Over the first half of this year, Taiwanese investors have also poured NT$14.1 billion into Europe-focused funds based overseas, bringing total assets up to NT$134.8 billion, according to data from the Securities Investment Trust and Consulting Association (SITCA),
RSS