TWSE Chairman Visits Japan to Solicit International Investors

Taipei, March 8, 2011 (CENS)--Following the successful listing of Taiwan depositary receipts (TDRs) by Elpida, a leading Japanese electronics company, the Taiwan Stock Exchange (TWSE) recently announced that its chairman Dr. Chi Schive will travel to Japan this month to visit top Japanese companies.

While staying in Japan, Schive will brief Japanese enterprises on the new development of Taiwan's capital market and the advantages of listing in Taiwan. TWSE will also encourage leading Japanese firms and investors to join the Taiwan capital market to support its establishment as an international investment platform.

Over the pats few years, TWSE has been actively encouraging foremost overseas companies to list in Taiwan, with its efforts yielding fruitful results. Last year, a total of 18 foreign firms seeking primary and TDR listing on the domestic bourse, including those coming from Japan, the U.S., China, Hong Kong and Singapore.

During the upcoming the TWSE will participate in a forum to promote Taiwan listing and arrange visits to Japanese companies. With these meetings, TWSE will promote a better understanding of the benefits of Taiwan listing, and Taiwan's unique position in the greater China region and the global technology chain. This will further encourage companies to list in Taiwan.

TWSE said international institutional investors have continued pouring investment into emerging markets over the past few months, with large Japanese institutional investors such as the Government Pension Investment Fund (GPIF) also set to invest in overseas markets this year. TWSE executives will visit GPIF during the upcoming trip. By highlighting the strength of Taiwan-listed companies such as their high earnings growth and high yields, TWSE will continue to drive the growth of the Taiwan capital market.

“Japan has long been a major partner in Taiwan and we are looking forward to welcoming more Japanese companies and investors to the Taiwan capital market,” Schive noted. The move will continue to enhance the competitiveness of the Taiwan capital market and further TWSE's success in attracting fund flows following the singing of the cross-Taiwan Strait economic cooperation framework agreement (ECFA).