Connect with us

Technology

Taiwan Stock Exchange launches 2024 overseas tour to attract global capital: Europe trip targets heavyweight investor institutions

Published

7 months ago

on

LONDON, Feb. 26, 2024 /PRNewswire/ — The Taiwanese stock market showed robust performance in 2023, marked by significant turnover volume surges and price gains. Foreign investors notably reversed three consecutive years of net selling, recording net buying of over TWD 275.4 billion (USD 8.7 billion). On a mission to expand international funding sources in 2024, the Taiwan Stock Exchange (the “TWSE”) is expected to visit more than a dozen prominent institutional investors in Europe in March to further strengthen international investor relations.

Thanks to its solid fundamentals, good corporate governance, and the investment trend in artificial intelligence (AI), the TAIEX, the market value weighted index on the TWSE, rose by 26.8% in 2023, outperforming major international stock markets in the US and Europe. Its average daily turnover increased by 16.1% to TWD 281.2 billion (USD 8.9 billion), with its total market capitalization reaching TWD 56.84 trillion (USD 1.8 trillion).

Taiwan stocks continued to shine at the start of the Year of the Dragon, propelled by the robust fundamentals. Both the TAIEX and market capitalization reached record-highs consistently since the market resumed trading on February 15, after the Lunar New Year holidays. On February 26, the TAIEX reached the highest closing level so far at 18,948.05 and the total market capitalization soared to TWD 60.21 trillion (USD 1.9 trillion).

Although 2023 was a challenging year for Initial Public Offerings (IPOs) in most international markets, the TWSE continued to enhance the domestic financing environment, expand its exposure to the capital market, and actively encourage companies to list on the board. The TWSE attracted a record-high of 42 companies to apply for listing in 2023, the highest in the past decade. These efforts resulted in IPO companies raising a record total capital of TWD 33.76 billion (USD 1.07 billion).

The Taiwan stock market surged in 2023, driven by an unprecedented level of participation by domestic investors. Additionally, international funds turned their selling from 2019 to 2022 to a net buying of TWD 275.4 billion (USD 8.7 billion) last year. Market sentiments were bullish as the US Federal Reserve (the “Fed”) was expected to end its rate hike cycle, and the TWSE also demonstrated its appeal to international investors through various overseas roadshows, including visits to the US, Japan, and Singapore. From the start of 2024 through February 26, foreign investors continued their net buying at TWD 123.58 billion (USD 3.9 billion).

Foreign capital plays a decisive role in Taiwan stocks. According to the TWSE, as at the end of 2023, foreign capital from the UK and Europe accounted for more than 37% of the market value of Taiwan stocks, becoming a main source of international funds.

To underscore its commitment to deepening cooperation with European market participants and forging deeper relationships with investors, Chen-Shan Chang, Director-General of the Securities and Futures Bureau of the Financial Supervisory Commission, Taiwan’s capital markets regulatory body, and Sherman Lin, Chairman and CEO of the TWSE, will lead a delegation to Europe in early March. The team will visit key stakeholders, including more than a dozen prominent institutions such as stock exchanges, clearing houses, custodian banks, index companies, institutional investors with substantial holdings in Taiwan stocks, potential large investment institutions, major asset management companies, and financial service institutions.

The TWSE will arrange one-on-one meetings with institutional investors and financial market infrastructures in London, Luxembourg and Frankfurt, in order to provide updates on key information regarding the Taiwan securities market, highlighting the advantages and development prospects within the Taiwan stock market. The officials will address all questions and concerns to boost investor confidence and seek advice from the investors. Additionally, they will exchange ideas and explore potential cooperation opportunities with prominent European institutions.

“The TWSE will embark on a visit to London, marking the first such visit in seven years,” said Sherman Lin. “During the trip, the TWSE will also conduct in-person exchange activities with major European exchanges, such as London and Frankfurt, for the first time. The highly anticipated trip is of great significance to both sides and is expected to yield exciting outcomes.”

The TWSE also plans to hold an investment seminar in London, offering investors an efficient way to understand Taiwan’s capital market. This seminar will provide international investors with a valuable opportunity to delve into Taiwan’s booming financial ecosystem, exploring dynamic developments, innovative sectors and promising investment opportunities.

Overall, the TWSE’s visit aims to forge connections with prominent institutional investors and major European exchanges, showcasing the enormous opportunities of Taiwan’s capital market. It underscores Taiwan’s ongoing commitments to actively deepen international investor relations and promote securities investment measures for enhanced international cooperation.

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.

View original content:https://www.prnewswire.co.uk/news-releases/taiwan-stock-exchange-launches-2024-overseas-tour-to-attract-global-capital-europe-trip-targets-heavyweight-investor-institutions-302070980.html

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

DANAconnect and eSource Capital Launch PayrollTrace for Digital Payroll Compliance

Published

3 hours ago

on

September 22, 2024

By

PayrollTrace is an innovative, secure platform for paperless payroll receipt delivery, ensuring regulatory compliance and real-time traceability.

FORT LAUDERDALE, Fla., Sept. 22, 2024 /PRNewswire-PRWeb/ — DANAconnect, the leading company in automated business communications, in collaboration with eSource Capital, a prominent Google Cloud Partner in Latin America, announce the launch of PayrollTrace, an innovative platform designed for the secure and efficient digital delivery of payroll receipts, ensuring regulatory compliance and complete traceability in every transaction.

Paul Kienholz, CEO of DANAconnect, highlighted: “PayrollTrace is the next step in automating critical business processes, enabling companies to eliminate paper and manage payroll receipt deliveries with full confidence and transparency, while ensuring regulatory compliance.”

PayrollTrace automates the delivery of payroll receipts through multiple channels, including email and SMS, completely eliminating the use of paper or reliance on email. This solution not only simplifies human resources processes but also ensures regulatory compliance with verifiable technical reports that allow companies to manage and audit receipt deliveries in real time.

Paul Kienholz, CEO of DANAconnect, highlighted: “PayrollTrace is the next step in automating critical business processes, enabling companies to eliminate paper and manage payroll receipt deliveries with full confidence and transparency, while ensuring regulatory compliance.”

Juan Aguilera Franceschi, Managing Partner at eSource Capital, added: “Our partnership with DANAconnect allows us to offer companies in the region a robust solution that optimizes payroll management. PayrollTrace provides the security and flexibility companies need to manage payments efficiently and sustainably.”

The partnership between DANAconnect and eSource Capital combines DANAconnect’s strength in omnichannel business communications with eSource Capital’s expertise in cloud digital transformation. Together, they aim to provide businesses across the Americas with a comprehensive solution that not only optimizes payroll delivery but also ensures compliance with local regulations, guaranteeing that every transaction is backed by complete audits.

About DANAconnect

DANAconnect is a North American company and a leader in communication automation for financial companies through its omnichannel platform. It sends communications to more than 10% of the population of the Americas every month, ensuring secure deliveries, traceability, and large-scale regulatory compliance.

About eSource Capital

eSource Capital is a leading Google Cloud partner in Latin America, specializing in digital transformation and cloud solutions. With a focus on Google Workspace and Google Cloud, eSource Capital helps companies optimize their operations in the digital environment.

Media Contact

Fabiana Arroyo, DANAconnect Corp., 1 8556003262, info@payrolltrace.com, https://www.payrolltrace.com

Twitter, LinkedIn

View original content to download multimedia:https://www.prweb.com/releases/danaconnect-and-esource-capital-launch-payrolltrace-for-digital-payroll-compliance-302254651.html

SOURCE DANAconnect Corp.

Continue Reading

Technology

Siemon Announces Optical Patching Solutions for GenAI Networks Using NVIDIA Accelerated Computing

Published

9 hours ago

on

September 22, 2024

By

Siemon announces it is offering its full range of optical patching solutions to work specifically with NVIDIA AI infrastructure for generative AI networks.

WATERTOWN, Conn., Sept. 22, 2024 /PRNewswire-PRWeb/ — The Siemon Company, a global leader in network infrastructure solutions, today announced it is offering its full range of optical patching solutions to work specifically with NVIDIA AI infrastructure for generative AI networks. Large complex GPU clusters can benefit from using structured cabling patch panels versus point-to-point cabling. Siemon acts as a trusted advisor to customers by providing expert advice and best practice recommendations for design & deployment of NVIDIA AI Infrastructure.

“Siemon is very familiar with NVIDIA reference architectures and has worked with many customers to design and deploy NVIDIA clusters… Siemon offers a full range of AI-ready fiber cabling, DAC, and AOC solutions that support 400G, 800G, and 1.6T applications.”

As part of the solution integration, Siemon has joined the NVIDIA Partner Network (NPN) as a Solution Advisor Consultant. NPN Solution Advisor Consultants provide consultation services and expert advice to customers looking to implement NVIDIA-based solutions or technologies. Siemon joins the network to offer its expertise in addressing the unique infrastructure and cabling challenges presented by accelerated computing.

NVIDIA optical reach specifications are calculated assuming two optical patch panels are used in the link and assuming each employ two optical connectors, which makes for a total allowance of four optical connectors in the link. The Siemon optical patching solutions meet NVIDIA requirements and provide customers with flexibility and ease of management.

Media Contact

Brian Baum, Siemon, 1 8609454200, brian_baum@siemon.com

View original content:https://www.prweb.com/releases/siemon-announces-optical-patching-solutions-for-genai-networks-using-nvidia-accelerated-computing-302254640.html

SOURCE Siemon

Continue Reading

Technology

AMSimpkins & Associates Awarded Wisconsin Technical Purchasing Consortium Contract RFB 25-002TP – for Identity Verification Solutions

Published

10 hours ago

on

September 22, 2024

By

AMSimpkins & Associates has been awarded the Wisconsin Technical Colleges Purchasing Consortium (WTC-PC) contract for Identity Verification Solutions. This partnership includes providing their advanced S.A.F.E. (Student Application Fraudulent Examination) platform to 16 Wisconsin technical colleges, enhancing security and safeguarding against fraudulent student applications. With a focus on higher education, AMSA aims to support these institutions in maintaining the integrity of their admissions processes and preventing identity fraud. This collaboration underscores AMSA’s commitment to delivering innovative solutions tailored for the education sector.

ATLANTA, Sept. 22, 2024 /PRNewswire-PRWeb/ — AMSimpkins & Associates is proud to announce its selection by the Wisconsin Technical College System Purchasing Consortium (WTC-PC) to provide Identity Verification Solutions through the S.A.F.E. platform. The WTC-PC comprises 16 independent, publicly funded two-year technical colleges across Wisconsin, including Blackhawk Technical College, Chippewa Valley Technical College, Fox Valley Technical College, and Milwaukee Area Technical College, among others.

“We are honored by the Wisconsin Technical College Consortium’s trust in AMSA. This partnership further emphasizes our commitment to providing secure, innovative identity verification solutions that support the needs of educational institutions in protecting their students and operations.”

With a focus on preventing identity fraud, AMSimpkins & Associates’ comprehensive solutions will strengthen the security measures across admissions, enrollment, and financial aid processes, ensuring secure verification and compliance with federal and state regulations. S.A.F.E. will now support Wisconsin’s higher education system, offering its cutting-edge technology to streamline operations and safeguard student data.

“We are honored by the Wisconsin Technical College Consortium’s trust in AMSimpkins & Associates,” said Maurice Simpkins, President and Founder. “This partnership further emphasizes our commitment to providing secure, innovative identity verification solutions that support the needs of educational institutions in protecting their students and operations.”

As part of this agreement, AMSimpkins & Associates will deliver comprehensive services, including system integration, training, and ongoing support to ensure seamless implementation. S.A.F.E.’s capabilities are designed to evolve with growing threats of fraudulent activities, keeping institutions one step ahead in securing student identities.

Institutions in the Wisconsin Technical College System:

Blackhawk Technical CollegeChippewa Valley Technical CollegeFox Valley Technical CollegeGateway Technical CollegeLakeshore Technical CollegeMadison Area Technical CollegeMid-State Technical CollegeMilwaukee Area Technical CollegeMoraine Park Technical CollegeNicolet Area Technical CollegeNorthcentral Technical CollegeNortheast Wisconsin Technical CollegeNorthwood Technical CollegeSouthwest Wisconsin Technical CollegeWaukesha County Technical CollegeWestern Technical College

The S.A.F.E. platform’s advanced identity verification services will play a pivotal role in securing sensitive data and ensuring a safe and fraud-free environment for Wisconsin’s technical colleges and their students.

For more information about AMSimpkins & Associates and the S.A.F.E. platform, please visit amsa-highered.com.

Media Contact

LAQWACIA SIMPKINS, AMSimpkins & Associates, 1 6786824193, LSIMPKINS@AMSA-CONSULTING.COM, amsa-highered.com

Twitter, Facebook, LinkedIn

View original content:https://www.prweb.com/releases/amsimpkins–associates-awarded-wisconsin-technical-purchasing-consortium-contract-rfb-25-002tp—for-identity-verification-solutions-302253867.html

SOURCE AMSimpkins & Associates

Continue Reading

Trending