The Times Australia
News From Asia

.

Taiwan Stock Exchange engages in discussions with US exchanges on ESG development and enhancing capital market cooperation

SINGAPORE - Media OutReach - 14 September 2023 - A delegation of the Securities and Futures Bureau of Taiwan's Financial Supervisory Commission and the Taiwan Stock Exchange (the "TWSE") began its nine-day visit to the US on September 11.

The delegation visited two US exchanges, the New York Stock Exchange (the "NYSE") and Nasdaq, and will visit The Depository Trust & Clearing Company (the "DTCC") to engage in discussions with their US counterparts on ESG initiatives, carbon exchanges, and listing regulations, as well as the U.S. move to T+1 with the aim to deepen cooperation between the two capital markets.

Photo (from left to right): James K.J. Lee, Director-General, Taipei Economic and Cultural Office in New York, Chen-Shan Chang, Director-General of the Securities and Futures Bureau of the Financial Supervisory Commission, and Sherman Lin, Chairman and CEO of the TWSE visited Nasdaq and watched the opening bell ringing ceremony.
Photo (from left to right): James K.J. Lee, Director-General, Taipei Economic and Cultural Office in New York, Chen-Shan Chang, Director-General of the Securities and Futures Bureau of the Financial Supervisory Commission, and Sherman Lin, Chairman and CEO of the TWSE visited Nasdaq and watched the opening bell ringing ceremony.

The visit marks the first high-level meeting between the TWSE and both the Nasdaq and the NYSE in five years. The delegation met with senior representatives from Nasdaq and the NYSE, and watched Nasdaq's opening bell ringing ceremony at the invitation of Nasdaq.

As competition among international exchanges intensifies, the TWSE has prioritized the development of new strategies to meet evolving challenges and stay competitive globally. Marking the TWSE's first visit to the US since the outbreak of the Covid-19 pandemic, the delegation, led by Chen-Shan Chang, Director-General of the Securities and Futures Bureau of the Financial Supervisory Commission, and Sherman Lin, Chairman and CEO of the TWSE, visited both the NYSE and Nasdaq, with James K.J. Lee, Director-General, Taipei Economic and Cultural Office in New York, joining the Nasdaq visit.

Lin said, "We have embarked on a fruitful US visit to share our views and ideas face-to-face with the two major exchanges in the US. We have also been invited to watch the Nasdaq opening bell ceremony, a testament that the visit is highly valued by both Taiwan and the US. We look forward to strengthening the solid foundation for networking and partnership between the TWSE and the leading exchanges in the US."

Global IPO activity has seen a slowdown this year. To continue to attract quality companies to apply for listing in Taiwan, the TWSE also exchanged views with the two major US exchanges on listing conditions that strike a balance between revitalizing the market and practicing supervision, as well as ways to explore listing sources overseas.

The TWSE and Nasdaq discussed the important role carbon exchanges can play channeling capital to sustainability projects. The TWSE shared insights on the Taiwan Carbon Solution Exchange inaugurated in August, conducting in-depth discussions on issues like emission reduction, green energy development, climate change, and carbon credit related investment products. TWSE also shared its vision on establishing a carbon trading platform that is efficient and meets the user demand, so as to support the development of the carbon market and green investment.

TWSE to gain insights on US move to T+1 from DTCC

As the U.S. financial services industry continues to make significant progress towards implementing a shortened T+1 settlement cycle for transactions in U.S. cash equities, corporate debt, and unit investment trusts on May 28, 2024, the TWSE is scheduled to meet with Frank La Salla, President, CEO and Director of DTCC, a leading provider of US market infrastructure, to seek insights on the U.S. shift to T+1.

Frank La Salla said, "DTCC remains committed to safeguarding financial markets around the world while continuing to deliver new and innovative solutions that deliver maximum value to our clients. We look forward to meeting with the TWSE to share more information on key initiatives, such as accelerating settlement to T+1 in the U.S., as well as opportunities to further mitigate risk and increase market efficiencies."

Hashtag: #TWSE

The issuer is solely responsible for the content of this announcement.

About TWSE

The Taiwan Stock Exchange (the "TWSE") started operations on February 9, 1962. The TWSE is responsible for operating and advancing Taiwan securities market. The TWSE's primary business operations include listing, trading, settlement and surveillance. These comprise listing promotion and review, post-listing supervision and corporate governance, maintaining market trading and order, securities firms' services, investor protection, clearing and settlement operations, safeguarding against market defaults and the monitoring of illegal transactions. The Exchange provides comprehensive services to the stock market.

Times Magazine

From Beach Bops to Alpine Anthems: Your Sonos Survival Guide for a Long Weekend Escape

Alright, fellow adventurers and relaxation enthusiasts! So, you've packed your bags, charged your devices, and mentally prepared for that glorious King's Birthday long weekend. But hold on, are you really ready? Because a true long weekend warrior kn...

Effective Commercial Pest Control Solutions for a Safer Workplace

Keeping a workplace clean, safe, and free from pests is essential for maintaining productivity, protecting employee health, and upholding a company's reputation. Pests pose health risks, can cause structural damage, and can lead to serious legal an...

The Science Behind Reverse Osmosis and Why It Matters

What is reverse osmosis? Reverse osmosis (RO) is a water purification process that removes contaminants by forcing water through a semi-permeable membrane. This membrane allows only water molecules to pass through while blocking impurities such as...

Foodbank Queensland celebrates local hero for National Volunteer Week

Stephen Carey is a bit bananas.   He splits his time between his insurance broker business, caring for his young family, and volunteering for Foodbank Queensland one day a week. He’s even run the Bridge to Brisbane in a banana suit to raise mon...

Senior of the Year Nominations Open

The Allan Labor Government is encouraging all Victorians to recognise the valuable contributions of older members of our community by nominating them for the 2025 Victorian Senior of the Year Awards.  Minister for Ageing Ingrid Stitt today annou...

CNC Machining Meets Stage Design - Black Swan State Theatre Company & Tommotek

When artistry meets precision engineering, incredible things happen. That’s exactly what unfolded when Tommotek worked alongside the Black Swan State Theatre Company on several of their innovative stage productions. With tight deadlines and intrica...

The Times Features

Cult Favourite, TokyoTaco, Opens Beachfront at Mooloolaba this June

FREE Tokyo Tacos to Celebrate!  Cult favourite Japanese-Mexican restaurant TokyoTaco is opening a beachfront venue at the Mooloolaba Esplanade on Queensland’s Sunshine Coast t...

Samsara Eco and lululemon announce 10 year partnership

lululemon and Samsara Eco Announce 10-Year Plan to Advance Recycled Material Portfolio Plan will see lululemon source a significant portion of its future nylon 6,6 and polyes...

The viral diet that could boost your immunity during winter

As we settle into the winter months, immune health becomes top of mind, and the latest food trend gaining traction may be worth taking seriously, especially when it comes to st...

Running Across Australia: What Really Holds the Body Together?

How William Goodge’s 3,800km run reveals the connection between movement, mindset, and mental resilience As a business owner, I’ve come to realise that the biggest wins rarely com...

Telehealth is Transforming Healthcare Services in Australia

It has traditionally not been easy to access timely healthcare in Australia, particularly for people who live in remote areas. Many of them spend hours on the road just to see...

Launchd Acquires Huume, Strengthening Creative Firepower Across Talent-Led Marketing

Launchd, a leader in talent, technology and brand partnerships, has announced its acquisition of influencer talent management agency Huume from IZEA. The move comes as the medi...