TWSE, securities sector aim to boost market turnover

The Taiwan Stock Exchange (TWSE) and the Taiwan’s securities sector have intensified their cooperation to boost market turnover in a bid to improve the country’s securities trading environment.

At a recent seminar held by the TWSE with more than 100 executives from local securities firms in attendance, the participants vowed to work together to get investors back to the trading floor and increase volume with the help of the Financial Supervisory Commission (FSC) and the exchange.

In November, combined trading volume on the main exchange and the over-the-counter market averaged NT$92.1 billion (US$2.88 billion) per day, up from NT$83.6 billion in October, but it was still below the government’s target of a minimum of NT$100 billion.

Taiwan Securities Association Chairman Chien Hung-wen (簡鴻文) said he was grateful for FSC efforts to boost turnover, such as pushing for trading of exchange traded funds (ETFs) and expanding the scope of day trading.

Chien said his association will continue to cooperate with the FSC to draw more local investors back to the market, which will help securities firms improve their earnings as turnover increases.

TWSE Chairman Shih Jun-ji (施俊吉) said at the seminar that the exchange will also try hard to help local companies list their shares on the equity market to raise funds.

In addition, Shih said the TWSE will improve the transparency of listed companies and maintain a fair trading mechanism to protect investors, while providing a wide range of financial products for them to choose from.

The TWSE head said he is more than willing to work with the securities sector to create a more friendly trading environment for investors, which is expected to help listed companies seek funds and ultimately boost the local economy.

At the seminar, FSC Chairman Lee Ruey-tsang (李瑞倉) said he welcomed the chance for the commission to exchange views with securities firms, and he appreciated the securities sector’s efforts to work with the FSC to strengthen the local equity market.

He added that the FSC is determined to boost the global visibility of Taiwan’s market.

Source: Focus Taiwan News Channel

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