The Taiwan Stock Exchange (TWSE): Overview, Listing Process, and Notable Milestones”
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Summary:
The Taiwan stock exchange (TWSE) is a pivotal institution in Taiwan’s financial landscape, facilitating the trading of diverse securities since its inception in 1961. This article delves into the functions, services, trading schedule, listing process, and notable milestones of the TWSE.
The taiwan stock exchange (TWSE) stands as Taiwan’s primary venue for securities trading, founded in 1961 and commencing operations in February 1962. Situated in Taipei, it plays a crucial role in the country’s capital markets.
Functions and services
The TWSE offers a comprehensive suite of services critical to Taiwan’s financial ecosystem, including:
- Facilitation of securities listing
- Oversight of corporate governance
- Execution of securities trading
- Administration of clearing and settlement processes
- Dissemination of market information
- Enforcement of market surveillance and regulations
Trading schedule and currency
Trading sessions on the TWSE operate Monday through Friday, from 9 a.m. to 1:30 p.m. Transactions are conducted in the New Taiwan Dollar (TWD), the official currency of Taiwan.
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Listing on the TWSE
Companies seeking listing on the TWSE, whether domestic or foreign, must meet stringent financial and operational criteria. The listing process entails several steps:
1. Submission of IPO application: Applicants submit an initial public offering (IPO) application for review by internal committees.
2. Review process: The application undergoes assessment by the Securities Listing Review Committee.
3. Approval and contract: Upon approval, the TWSE Board of Directors ratifies the application, culminating in the signing of an official listing contract.
4. Regulatory compliance: Listed entities must adhere to ongoing regulatory obligations, encompassing fee payments and financial reporting.
1. Submission of IPO application: Applicants submit an initial public offering (IPO) application for review by internal committees.
2. Review process: The application undergoes assessment by the Securities Listing Review Committee.
3. Approval and contract: Upon approval, the TWSE Board of Directors ratifies the application, culminating in the signing of an official listing contract.
4. Regulatory compliance: Listed entities must adhere to ongoing regulatory obligations, encompassing fee payments and financial reporting.
Frequently asked questions
How does the TWSE contribute to Taiwan’s economy?
The TWSE drives Taiwan’s economic growth by fostering the development of new financial products, enhancing capital markets, and bolstering international competitiveness.
What are the eligibility criteria for companies seeking listing on the TWSE?
Companies must meet specific financial and operational prerequisites, as outlined by the TWSE. These criteria ensure the stability and integrity of listed entities within the exchange.
What are the benefits of listing on the TWSE?
Listing on the TWSE provides companies with access to capital, increased visibility and credibility, liquidity for existing shareholders, and potential opportunities for growth and expansion.
Key takeaways
- The Taiwan stock exchange (TWSE) serves as the primary platform for securities trading in Taiwan.
- It offers various services, including listing, trading, and regulatory oversight.
- Trading sessions on the TWSE run from Monday to Friday, from 9 a.m. to 1:30 p.m., operating in the New Taiwan Dollar (TWD).
- Companies looking to list on the TWSE must meet stringent financial and operational criteria and adhere to regulatory obligations.
- The TWSE has achieved notable milestones, contributing to the growth and development of Taiwan’s financial markets.
- Listing on the TWSE provides companies with access to capital, increased visibility, liquidity for shareholders, and growth opportunities.
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