The GRETAI Securities Market, Taiwan’s over-the-counter (OTC) market, said yesterday that it will hold a forum on the development of the capital market on Nov. 17, focusing on fundraising efforts by small and medium-sized businesses and emerging high-tech firms.
According to the GRETAI, these firms have become one of the driving forces behind Taiwan’s economic growth, although investment in such companies carries a greater risk despite delivering high returns.
The GRETAI said the forum will look at how to build a mechanism to govern investment in these emerging stocks, while helping investors map out their investment strategies and hedge risks.
EXPERTS
The organizer said the forum will include four panel discussions that experts in securities, banking, accounting and venture capital businesses at home and abroad, as well as financial authorities, academics and entrepreneurs, are expected to attend.
The discussions will bring up the prospects of building a fundraising platform in the Asia-Pacific region for small and medium-sized businesses, while the tasks of the OTC market in taking on challenges and seizing business opportunities will be also covered.
The discussions will also address the efforts being made to set up a platform in the Asia-Pacific region for emerging high-tech companies, as well as the cooperation of capital markets in the region, the GRETAI said.
Vice President Vincent Siew (蕭萬長) will serve as one of the three keynote speakers at the forum and will describe the structural reform of Taiwan’s industries since the implementation of the Economic Cooperation Framework Agreement (ECFA) signed with China in late June, the GRETAI said.
ADDRESS
Council for Economic Planning and Development Minister Christina Liu (劉憶如) and Financial Supervisory Commission vice chairman Wu Tang-chieh (吳當傑) will also address the forum, the GRETAI said.
As of the end of last month, there were 399 OTC-listed high-tech companies, accounting for about 72 percent of the market total listings, GRETAI said.
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