-
Taiwan’s president-elect vows zero tolerance for fraud
Discover how Taiwan’s President-elect Lai Ching-te is implementing a zero-tolerance policy against fraud, aiming to protect societal and financial security with new legislation and measures.2024/05/15 16:56 -
Cho Jung-tai unveils new cabinet appointments amid criticism
Premier-designate Cho Jung-tai addresses criticism of his new cabinet, emphasizing a collective commitment to Taiwan and announcing six new appointments focused on economic development and fair distribution.2024/04/16 13:51 -
Taiwan’s Central Bank cautions against ETF investment craze
The Central Bank of the Republic of China’s Governor warns of excessive subscriptions for two new ETFs in Taiwan, prompting regulatory caution and policy measures from the Financial Supervisory Commission. Concerns over herding effects and risks in collective investments lead to calls for suppressive measures and improved disclosure standards. Stay updated on the evolving ETF investment fervor in Taiwan’s financial markets.2024/03/15 14:47 -
Taiwan’s TAIEX hits year high, crosses 17,500 mark
Taiwan’s stock market opened strong on Tuesday, reaching a new high for the year of 17,528 points, surpassing the 17,500 mark. This increase came after a rise in U.S. stocks on Monday. The Taiwan Stock Exchange Weighted Index (TAIEX) climbed by 78.65 points to 17,496.99 points, with a trading volume of NT$36.387 billion as of 9:06 a.m. Leading the gainers in early trading were Taiwan Semiconductor Manufacturing Co. (TSMC), Largan Precision, and Foxconn. This week, as the market enters a central bank super week, banks in the U.S. and Europe are expected to announce their final rate decisions for the year. Taiwan’s Financial Supervisory Commission (FSC) chairman Huang Tien-mu expressed the government’s commitment to stabilizing the capital market and highlighted the resilience of Taiwan’s stock market. Huang assured that the FSC is prepared to manage the impact of the Federal Reserve’s decisions on the market.2023/12/12 10:24 -
FSC head touts domestic impact on Taiwan stock market
The Financial Supervisory Commission (FSC) Chairman, Huang Tien-mu, addressed questions from Kuomintang Legislator Lin Te-fu about Taiwan’s stock market. Huang emphasized the significant role of domestic funds and corporations in driving market momentum, despite the heavy presence of foreign capital. While foreign capital makes up around 40% of the market value, it accounts for only 30% of regular stock volume. Huang stated that this indicates the considerable impact of internal funds and corporations on the market. Huang also highlighted a record inflow of foreign investment in November 2022, with overseas investors injecting over NTD $350 billion into the Taiwanese market. He attributed this surge in foreign investment to cooling inflation rates in the United States and a retreat from the highs of U.S. national debt yields. Huang argued that confidence in Taiwan’s robust economic fundamentals and attractive yield rates has led to increased foreign investment trust in Taiwan’s stocks. He further emphasized that the sustained influx of ’hot money’ into Taiwan indicates substantial interest from both foreign and local investors. This interaction underscores the FSC’s recognition of diverse investment sources in strengthening the Taiwanese stock market and suggests a cautiously optimistic outlook for continued investment in the island’s economic landscape.2023/12/06 20:26 -
Union Bank fined NT$12M for aiding fraud syndicate
The Financial Supervisory Commission (FSC) fined the Union Bank of Taiwan (UBOT) NT$12 million on Thursday (Nov. 9) for aiding a fraud syndicate in money laundering and transfer. The FSC found that the bank’s Tonghua branch allowed three corporations to open accounts in Mar. 2023, after which large sums of money were quickly deposited into these accounts from other companies. Subsequently, significant amounts of cash were systematically withdrawn from various branches of UBOT. The FSC determined that UBOT’s systems had significant failures, including a lack of comprehensive Know Your Customer (KYC) checks and ongoing customer identity reviews.2023/11/09 18:09 -
Taiwan’s finance stable amid China’s property crisis: FSC
Taiwan’s financial sector is unlikely to be strongly impacted by the ongoing instability in China’s real estate industry, the Financial Supervisory Commission (FSC) said on Friday (Aug. 18).2023/08/18 23:16