June 03, 2024 — HSBC Securities (Taiwan) Corporation Limited and Taiwan Stock Exchange (TWSE) jointly hosted the HSBC X TWSE Taiwan Conference 2024 on 3 to 4 June, 2024. This is the first physical investor conference held by TWSE in Taiwan this year, attracting over 150 institutional investors from around the world and approximately 40 listed companies from Taiwan.
HSBC X TWSE Taiwan Conference 2024 hosts approximately 40 listed companies from Taiwan. Investors from Taiwan, the US, the UK, South Korea, Singapore, Hong Kong, and mainland China attend, with an estimate of 150 one-on-one meetings initiated. The conference provided an excellent platform for Taiwan listed companies and international institutional investors to meet and exchange insights. It also provides an opportunity to showcase top-notch Taiwan companies to the world.
TWSE President Lih-Chung Chien stated, “The semiconductor industry in Taiwan has robust fundamentals, holding a key position in the global semiconductor supply chain. TWSE strongly encourages more new economy companies to list in Taiwan stock market, which will help drive the growth of diverse industries to create a clustering effect, and further foster an innovative economy in Taiwan.”
Chien further commented, “TWSE is actively creating a friendly ESG investment environment, encouraging companies to jointly practice sustainable development. This conference aims to position ESG as a competitive advantage for Taiwanese companies, enhancing the overall competitiveness of our capital market.”
Adam Chen, President & Chief Executive Officer, HSBC Taiwan, said “HSBC actively participates in the development of Taiwan’s capital market. HSBC is one of the top two foreign custodian banks in Taiwan, and HSBC Securities (Taiwan) ranks among the top ten foreign securities firms in terms of trading volume. HSBC Securities (Taiwan) is also the first foreign securities firm to participate in Taiwan’s ETF market and related businesses, and one of the few foreign securities companies to have a professional research team based in Taiwan. That is why HSBC Securities (Taiwan) has been awarded by Asiamoney in the past years in a row. All of these are testament to HSBC’s continuous investment in Taiwan.”
Chen further emphasized, “This year marks the 40th anniversary of HSBC’s full-service banking service in Taiwan. HSBC is also the first foreign bank subsidiary in Taiwan receiving the regulator’s approval to offer Wealth 2.0 wealth management services, representing our determination to be the best international bank in Taiwan. HSBC continues to proactively respond to the Financial Supervisory Commission’s policy direction to make Taiwan one of the asset management centers in the region and actively explore new opportunities for our clients.”
Uniquely, HSBC X TWSE Taiwan Conference 2024 features expert speakers from HSBC, BlackRock and ISS Corporate Solutions to share insights from institutional investors’ decision- making perspectives. Topics include corporate governance, information disclosure, and sustainable development. The forum brings together approximately 300 participants, including executives from Taiwan listed companies, who have the opportunity to understand the needs of international investors and the approach as to how to proactively implement strategies for sustainability, in a way of fostering a fair, efficient, and sustainable capital market in Taiwan.
“Grow Locally and Expand Globally” has been TWSE’s key strategic direction in recent years. TWSE said it is always working to attract investors from around the world to have more businesses and investors participate in local capital market. For this year, TWSE has organized overseas roadshows to attract investors from Europe and Singapore, which received positive feedbacks from international institutional investors. HSBC × TWSE Taiwan Conference 2024 is expected to attract more investment in Taiwan’s capital market and boost overall economic growth momentum.
The domestic unit of the Chinese-owned, Dutch-headquartered chipmaker Nexperia BV will soon be able to produce semiconductors locally within China, according to two company sources. Nexperia is at the center of a global tug-of-war over critical semiconductor technology, with a Dutch court in February ordering a probe into alleged mismanagement at the company. The geopolitical tussle has disrupted supply chains, with some carmakers reportedly forced to cut production due to chip shortages. Local production would allow Nexperia’s domestic arm, Nexperia Semiconductors (China) Ltd (安世半導體中國), to bypass restrictions in place since October on the supply of silicon wafers — etched with tiny components to
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
Taiwan is open to joining a global liquefied natural gas (LNG) program if one is created, but on the condition that countries provide delivery even in a scenario where there is a conflict with China, an energy department official said yesterday. While Taiwan’s priority is to have enough LNG at home, the nation is open to exploring potential strategic reserves in other countries such as Japan or South Korea, Energy Administration Deputy Director-General Chen Chung-hsien (陳崇憲) said. While the LNG market does not have a global reserve for emergencies like that of oil, the concept has been raised a few times —
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday received government approval to deploy its advanced 3-nanometer (3nm) process at its second fab currently under construction in Japan, the Ministry of Economic Affairs said in a news release. The ministry green-lit the plan for the facility in Kumamoto, which is scheduled to start installing equipment and come online in 2028 with a monthly production capacity of 15,000 12-inch wafers, the ministry said. The Department of Investment Review in June 2024 authorized a US$5.26 billion investment for the facility, slated to manufacture 6- to 12nm chips, significantly less advanced than 3nm process. At a meeting with