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Newsletter No001

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Newsletter No: 001

July 1, 2004

I. Welcome Message: 

1.Welcome Message from Chairman Jaw-Sheng Kong of the Financial Supervisory Commission 2.Welcome Message from the Director-general Tang-Chieh Wu of the Securities and Futures Bureau of the Financial Supervisory Commission

 

II. Introduction to the Financial Supervisory Commission and the Securities and Futures Bureau:

1.Introduction to the Financial Supervisory Commission
2.Background of the Establishment of the Financial Supervisory Commission and its Features
3.The Organization Framework of the Financial Supervisory Commission and its Functions
4.Introduction to Securities and Futures Bureau
  1.Organization
  2.Job Description

III. News & Events:

1. Permitted Permitted foreign bonds denominated in foreign currency
2. Permitted SICE to recommend overseas funds
3. New futures contracts
4. Establishment of Chinese National Futures Association (CNFA)
5. Regulation governing futures commission merchants
6. Amendments of Securities and Exchange Law
7. Mr. Wu Nai-Jen has been inaugurated as Chairman of Taiwan Stock Exchange
8. Permitting issuance of covered warrant based on the ETF
9. TAIFEX gaining IOSCO affiliate membership
10 TAIFEX receives a No Action Letter issued by the USA Commodity Futures Trading Commission
11. Central depository of corporate bonds
12. DVP settlement for trade-for-trade of Emerging market stocks

 

IV. Highlights for the Past Two Years:

1.Promotion of corporate governance
2.Diversification of fund-raising channels and simplification of acquisitions systems
3.Adjustments to the securities trading system, raising of trading efficiency, and improvement of the investors' protection
4.Setting up of a bond trading platform and stimulation of trading in the bond market
5.Promotion of new underwriting system and enhancement of fund-raising efficiency of the capital
6.market Strengthening of the competitiveness of securities firms toward investment banks
7.Improvement of full authorization businesses and promotion of the development of asset management
8.Diversification of securities products
9.Loosening of administration over foreign investment and strengthening of interaction with international organization
 

V. Market Wrap-up:  

At the end of May, 672 companies were listed on the Taiwan Stock Exchange, an increase of 4 over the previous month. The total capital issued was NT$ 4,721.5 billion, a decrease of NT$ 4.1 billion as against the preceding month, and the market capitalization was NT$ 13,129.2 billion, a decrease of NT$ 297.3 billion as against the preceding month. 

At the end of May, 461 companies were listed on the GreTai Securities Market, a decrease of 2 as against the previous month. The total capital issued was NT$ 684.2 billion, an increase of NT$0.9 billion over the previous month, and the market capitalization was NT$ 1,461.9 billion, a decrease of NT$50.9 billion as against the previous month.  

In May, the trading value of shares on the Taiwan Stock Exchange, was NT$ 1,852.7 billion, a decrease of NT$ 1,299.3 billion as against the same figures for April, while the trading volume was 73.4 billion shares, a decrease of 43.3 billions shares as against the same figures for April.  

As of the end of May, the accumulated net inward remittance of foreign investors was US$ 72.6 billion, a decrease of US$ 31.2 billion dollars as against April. There are 148 securities firms, 23 futures commission merchants, 43 securities investment trust enterprises, and 211 securities investment consulting enterprises.

 

Visitor: 6290   Update: 2017-06-14
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