Fintech PR

SFB and TWSE shine spotlight on Taiwan’s capital market with highly-anticipated “Taiwan Day” in London

Published

9 months ago

March 5, 2024

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LONDON and HONG KONG and SINGAPORE, March 5, 2024 /PRNewswire/ — In early March, Chen-Shan Chang, Director-General of the Securities and Futures Bureau (the “SFB”) and Sherman Lin, Chairman and CEO of the Taiwan Stock Exchange (the “TWSE”) led a team to Europe, marking the first foreign investment attraction trip of the year. The visit included meetings with dozens of influential European institutions, ranging from exchanges, index companies, investment institutions, and large asset management firms. A much-anticipated highlight was the “Taiwan Day” event held on 5 March, which brought together over 50 prominent investors from the UK to gain insights into the latest market reform measures and the outlook for Taiwan’s stock market.

Held in London, the “Taiwan Day” proved to be a resounding response to the recent call by Dr. Tien-Mu Huang, Chairperson of the Financial Supervisory Commission (the “FSC”), for securities-related institutions to continuously enhance international connectivity and promote the strengths and reforms of Taiwan’s capital market. During the event, the prominent European institutional investors in attendance were highly impressed by a wide array of strengths of Taiwan’s stock market, such as its high-tech cluster characteristics, outstanding ESG performance, and foreign investment-friendly environment.

Taiwan’s representative for the UK, Vincent Chin-Hsiang Yao shared how the pandemic has underscored the crucial role of Taiwanese enterprises in the global supply chain. The “Taiwan Day” not only provided participants an opportunity to gain a profound understanding of the advantages offered by Taiwanese enterprises, but also aimed to foster a solid foundation for enhancing the ties between Taiwan and the UK and promoting mutual prosperity.

Chang, in his articulation, highlighted Taiwan’s commitment to attract foreign investment in recent years, as demonstrated by the joint efforts with the TWSE to visit institutional investors in major financial centers around the world since last year, and the aspiration to establish Taiwan’s capital market as a foreign investment-friendly environment through direct dialogue in the future.

Lin continued by illustrating the UK’s role as a substantial investment source for Taiwan, and the Taiwan-UK partnership further cemented by the “Bilateral Enhanced Trade Partnership Arrangement” signed in last November. Going forward, Taiwan will continue to strengthen the development of its high-tech industry, create an ESG-friendly environment, and actively seek feedback from investors to consolidate the role of Taiwan’s capital market.

Shin-Chung Chen, Senior Vice President of the TWSE, took the floor to present the compelling attributes of Taiwan’s capital market. These include Taiwan’s robust economic development with a projected GDP growth rate of over 3% in 2024 as well as the prominent rankings on a global scale. According to data of the World Federation of Exchanges, Taiwan’s stock exchange ranks 7th, 12th and 16th in terms of turnover, trading value and market capitalization, respectively. In 2023, over 80% of listed companies distributed cash dividends and foreign ownership accounted for over 40%. Additionally, Taiwan listed companies and emerging technology firms play a pivotal role in the up and midstream supply chain of artificial intelligence (AI). These companies not only prioritize ESG-related development, but also maintain a steadfast commitment to continuously fostering a foreign investment-friendly environment which welcomes international investors into Taiwan’s market.

Kuo-Jung Cheng, Deputy Director of the SFB, then provided a comprehensive introduction to a series of investor-friendly initiatives poised to attract overseas capital into Taiwan’s capital market, enhancing the appeal of Taiwan’s market among foreign investors through more diversified investment opportunities, flexible sources of investment funds, and convenient digital services. Cheng also gave an in-depth overview of recent key regulatory reforms and forward-looking policies related to sustainability, green finance, and net-zero emissions, underscoring Taiwan’s commitment to aligning its market with international standards, all the while leading market participants in promoting the characteristics and advantages of Taiwan’s market.

Following the meeting, the TWSE arranged one-on-one sessions with investors to delve into specific areas of interest, including ESG and trading systems. These sessions allowed the TWSE to actively respond to investor questions and gather feedback with a view of continuing to bolster investor confidence. The institutional investors attending the event responded positively to the resilience of Taiwan’s economic fundamentals, its central role in the semiconductor and information and communications technology (ICT) industries, and the focus on the development of the ESG ecosystem. They also highly appreciated the authority and the TWSE for their attentive listening to investor opinions, proactive response, and thorough explanations on important issues of concern.

Looking ahead, the TWSE will continue to encourage foreign investment opportunities and to promote the investment niche offered by Taiwan stocks, actively seeking feedback from global key institutional investors for the development of Taiwan market. Through these efforts, the TWSE aims to enhance Taiwan’s international presence and deepen the investment community’s understanding of the advantages and resilience of Taiwan’s capital market.

SFB and TWSE jointly host “Taiwan Day” event in London

Group meeting at “Taiwan Day” event in London

About TWSE

The Taiwan Stock Exchange (the “TWSE”) started operations on February 9, 1962. The TWSE is responsible for operating and advancing Taiwan securities market. The TWSE’s primary business operations include listing, trading, settlement and surveillance. These comprise listing promotion and review, post-listing supervision and corporate governance, maintaining market trading and order, securities firms’ services, investor protection, clearing and settlement operations, safeguarding against market defaults and the monitoring of illegal transactions. The Exchange provides comprehensive services to the stock market.

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Fintech PR

China’s AIMA brand electric motorbike is now in Bangladesh

Published

14 minutes ago

November 23, 2024

CISION (PR Newswire)

DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now.

In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.

Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.

AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.

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Fintech PR

China Telecom Gulf Officially Launches in Saudi Arabia for Business

Published

1 hour ago

November 23, 2024

CISION (PR Newswire)

china-telecom-gulf-officially-launches-in-saudi-arabia-for-business

HONG KONG, Nov. 23, 2024 /PRNewswire/ — On November 21, China Telecom Gulf was officially launched in Riyadh. This milestone marks a significant step in China Telecom’s efforts to provide deep services under the “Belt and Road Initiative” and to promote the building of a “China-Arab Community with a Shared Future.” It signifies another solid advancement on China Telecom’s path toward internationalization. Mr. Liu Guiqing, Executive Director and EVP of China Telecom Corporation, delivered an opening speech, along with Mr. Fawaz, Representative of Contact Office of Chinese Companies in the KSA, Deputy General Manager of Industrial and Commercial Bank of China Riyadh Branch. Over 100 guests and leaders from the Economic and Commercial Office of Embassy of the PRC of the KSA, Saudi Telecom Company (STC), Bank of China, Huawei, and others attended to witness this momentous occasion.

In his address, Mr. Liu Guiqing emphasized China Telecom’s commitment to openness, cooperation, and mutual benefit. He expressed the company’s willingness to share its experiences in cloud-network integration, cloud transformation, intelligent operations, and technological innovation. China Telecom aims to work closely with various levels of Saudi governments, enterprises, and partners to actively participate in the development of local digital infrastructure, drive the rapid advancement of next-generation information technologies, and establish a robust bridge for cooperation between China and Saudi Arabia in the field of information technology. Leveraging its extensive resources and global operational capabilities, China Telecom plans to bring its strengths in 5G, cloud computing, artificial intelligence, and other fields to provide innovative, high-quality communication products and services to Saudi enterprises, institutions, and consumers.

Mr. Fawaz extended his warm congratulations on the opening of China Telecom Gulf. He highlighted that as a leading global provider of communication services, China Telecom possesses abundant cloud-network resources and mature international service capabilities. The establishment of China Telecom Gulf is a significant step toward supporting the digital transformation of businesses in the region. He expressed confidence that through joint efforts, the company will seize opportunities in the digital era and contribute to Saudi Arabia’s socio-economic development and practical cooperation between China and Saudi Arabia in various fields.

China Telecom showcased its global resources, business capabilities, and its investments and partnerships in the Middle East and Africa. Key services introduced included eSurfing Cloud, computing power solutions, quantum technology, and customized 5G networks. Currently, China Telecom operates branches in 42 countries and regions worldwide, owns 53 international submarine cables, and manages 27 self-operated Internet Data Centers (IDCs). Its cloud-network integrated infrastructure and customer-centric digital service systems provide coverage across the globe.

During the event, China Telecom Gulf signed strategic cooperation agreements with Saudi Telecom Company (STC), Huawei Saudi Arabia, and Baud Telecom Company. The parties committed to deep collaboration, leveraging their respective strengths to provide optimized and convenient digital experiences to Saudi customers.

The establishment of China Telecom’s presence in Saudi Arabia marks a major milestone in the company’s entry into the Middle Eastern communications market, representing a key development in its global strategy. Moving forward, China Telecom Gulf will leverage China Telecom’s robust digital infrastructure and resource integration capabilities. We will collaborate closely with local Saudi enterprises, Chinese businesses expanding internationally, and global companies to strengthen cooperation and enhance exchanges. The company aims to contribute to the growth of Sino-Saudi and Middle Eastern industrial cooperation, continuously offering more smart solutions for the development of the Middle East’s digital economy, while striving to become a world-class provider of digital and intelligent technology services.

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Fintech PR

Redefining Financial Frontiers: Nucleus Software Celebrates 30 Years with Synapse 2024 in Singapore

Published

16 hours ago

November 23, 2024

CISION (PR Newswire)

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SINGAPORE, Nov. 23, 2024 /PRNewswire/ — The thriving India–Singapore partnership in banking and technology reached a new milestone as Nucleus Software celebrated 30 years of transformative innovation at Synapse 2024, held in Singapore. The event underscored the company’s role in redefining financial services across Southeast Asia (SEA) and the globe, bringing together leaders in finance and technology to explore a shared vision for the future of banking.

Synapse 2024 celebrated 30 years of Nucleus Software’s leadership in driving transformative change across Singapore and Southeast Asia’s financial ecosystem. The event also shone a spotlight on the Global Finance & Technology Network (GFTN), an initiative supported by the Monetary Authority of Singapore (MAS) to champion responsible technology adoption. The event highlighted the deepening synergies between India and Singapore, driven by their shared commitment to innovation, cross-border collaboration, and financial inclusion. As the financial services sector undergoes rapid evolution with advancements in artificial intelligence, blockchain, and digital banking, these partnerships are setting the stage for a more connected, resilient, and inclusive global ecosystem.

Vishnu R. Dusad, Co-founder and Managing Director of Nucleus Software, reflected on the milestone: “For over 30 years, we’ve had the privilege of aligning our journey with Singapore’s ascent as a global financial powerhouse. Back in 1994, when we chose to go East instead of West, it was a bold and emotional decision—guided by our belief in Singapore as a hub for innovation and collaboration. We saw then what remains true today: Singapore is at the heart of the global financial landscape, a place where new ideas take root, and partnerships thrive.”

The event brought together a distinguished array of participants, highlighting the transformative potential of India–Singapore collaboration. Mr. Piyush Gupta, CEO of DBS Group and the Guest of Honor, set the tone for the event with his opening remarks, emphasizing the transformative role of big tech in reimagining scalable, customer-centric financial services in the digital age.

Following his address, key speakers enriched the discussions with their insights. Mr. Sopnendu Mohanty, Chief Fintech Officer at the Monetary Authority of Singapore and Group CEO-Designate of The Global Finance & Technology Network (GFTN), underlined the importance of fostering responsible technology adoption and building inclusive financial ecosystems. Mr. Vinod Rai, globally respected public policy expert, Distinguished Visiting Research Fellow at the National University of Singapore, and former Comptroller and Auditor General of India, shared his perspectives on governance and policy frameworks in financial systems. Mr. S.M. Acharya, Chairman of Nucleus Software and former Defence Secretary of India, offered a visionary outlook on leveraging technology to modernize and secure banking frameworks. Finally, Mr. Pieter Franken, Co-founder and Director of GFTN (Japan), a global FinTech pioneer and deep tech innovator, discussed the future of decentralized finance and its implications for the financial sector.

The event showcased the transformative role of technology in global financial systems, emphasizing innovations that set benchmarks for scalability and inclusivity. Panelists discussed the importance of localized solutions, the challenges of cross-border integration, and leveraging dual business models to optimize capital and foster public participation. The dialogue highlighted the need for common standards, unified frameworks like APIs, and collaborative efforts to accelerate financial inclusion and drive global connectivity in the digital age.

For 30 years, Nucleus Software has consistently introduced advanced lending and banking solutions that support financial institutions’ evolving needs in Singapore and South East Asia. Driven by lean development methodologies like Acceptance Test-Driven Development (ATDD) and Continuous Integration/Continuous Delivery (CICD), Nucleus Software continues to push boundaries in efficient, flexible, and secure financial technology.

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