The government should have realized that a ban on small-cap stocks would make it difficult for small and medium-sized companies to raise funds for expansion. The restrictions also went against its former initiatives of boosting Taiwan’s capital markets by encouraging more companies to list shares on the local markets.
The government is doing the right thing abandoning these new rules. However, it still has no solution to the problem of poor oversight of the nation’s funds. Much more work is required to safeguard the interests of the nation’s workers and retirees.