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Newsletter No009

Main Content

Newsletter No: 009

March 1, 2005

I. News and Events

1.Managed futures enterprises allowed more flexible use of proprietary funds and lower the amount limit of operating discretionary investment services.
2.Restrictions eased on the number and size of funds that securities investment trust fund managers are allowed to manage.
3.Statement of Financial Accounting Standards No. 35 Accounting for Impairment of Assets implemented.
4.Statement of Financial Accounting Standards No. 7 revised.
5.Central Depository and Book-entry Operation for Strip Corporate Bonds and Financial Debentures.

II. Market Wrap-up

As of the end of January, 699 companies were listed on the Taiwan Stock Exchange, an increase of two over the previous month. The total capital issued was NT$5,051.66 billion, an increase of NT$6.42 billion over the preceding month, and the market capitalization was NT$13,733.07 billion, an decrease of NT$256.03 billion over the preceding month.

As of the end of January, 471 companies were listed on the GreTai Securities Market, a increase of thirteen against the previous month. The total capital issued was NT$626.10 billion, a increase of NT$1.42 billion against the preceding month, and the market capitalization was NT$1,125.39 billion, a increase of NT$2.86 billion against the previous month.

In January, the trading value of shares on the Taiwan Stock Exchange was NT$1,155.12 billion, a decrease of NT$234.95 billion over December, while the trading volume was 49.76 billion, an decrease of 9.24 billion shares compared with December.

As of the end of January, the accumulated net inward remittance of foreign investors was US$81.6 billion, an increase of US$1.6 billion over December. There are currently 148 securities firms, 23 futures commission merchants, 45 securities investment trust enterprises and 216 securities investment consulting enterprises.

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