Taiwan Stock Exchange Corp (TSE, 台灣證交所) plans to launch dual-listings of exchange traded funds with Tokyo Stock Exchange Inc by the end of the first half of the year, a company executive said yesterday.
"The Tokyo Stock Exchange has expressed an interest in dual-listing with us. More details will be ironed out during TSE president Su Song-chin's [
TSE chairman Wu Rong-i (吳榮義) said yesterday that the stock exchange would continue to work on its proposed merger with three other exchanges -- the Taiwan Futures Exchange (期交所), the GRETAI Securities Market (櫃買中心) and the Taiwan Depository and Clearing Corp (集保結算所) -- to create financial holding company through share swaps.
"The Financial Supervisory Commission has approved the TSE's proposed cooperation with Chunghwa Telecom Co (中華電信) to set up a new computer center in Banciao, Taipei County, to enhance the TSE's international competitiveness, with an investment valued at about NT$2 billion [US$62.15 million]," Wu told a news conference yesterday.
Aside from the merger of the markets, attracting foreign-based Taiwanese businesses to return and list on the local bourse would also be a priority, he said.