The Financial Supervisory Commission (FSC) yesterday announced several measures as part of the Executive Yuan’s latest plans to assist companies and boost the economy.
To stimulate exports, the commission is to arrange NT$500 billion (US$15.8 billion) in loans for large enterprises for investments and acquisitions, and NT$240 billion in loans for small and medium-sized enterprises.
The loans will be guaranteed by the National Development Fund (國發基金), commission officials said.
To facilitate the upgrade of the nation’s industries, the commission said it would assist businesses to retain top talent by easing limits on the amount of stock options available for employees.
The limit on stock warrants and amount of newly issued shares that may be awarded to employees, capped at 0.3 percent and 1 percent of outstanding shares respectively, are to be expanded, the commission said.
Companies with business potential in the cultural and creative industries will not be required to go through a profitability assessment when they apply for listing on the Taiwan Stock Exchange or the over-the-counter Taipei Exchange (TPEx), if they have an endorsement from the Ministry of Culture, the commission said.
Commission officials said that domestic banks provided aggregate loans of NT$299.1 billion to firms in the cultural and creative industries in the first half, more than double the NT$117.4 billion in the same period last year.
The commission said fledgling firms should list on the TPEx’s Go Incubation Board for Startup and Acceleration Firms (創櫃板), which has so far gathered NT$27.01 million in funding for such companies, adding that systems exports, such as the ETC highway toll collection and YouBike rental systems, are prime examples of innovations that could be marketed abroad.
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