Financial Market

- Taiwan

MA3N0203 PAO-HSIN HSU

Content TAIWAN FINANCIAL MARKET

TAIWAN STOCK MARKET

MARKET INFRASTRUCTUREThe Taiwan Stock Exchange (TWSE)

The GreTai Securities Market (GTSM)

The Taiwan Futures Exchange (TAIFEX)

IPO IN TAIWANThe Characteristic Of TW

Stock Market

Taiwan Financial Market

Money Market

Short-term Transaction

s Instruments

Treasury Bills

Banker's and Trade

Acceptances

Commercial Paper

Negotiable Certificates of

Deposit

Inter bank call-loan Markets

Repo Trade

Market

Capital Market

Stock Market

Bond Market

Foreign Exchange Market

Financial Derivative

Market

Forward Market

Futures market

Options Market

Call warrant Market

Swap Contracts

Market

Taiwan stock market _ part 1known as one of the most active exchanges in the Asia Pacific region with its fully automated trading system and book entry mechanism

The end of 2011the total market capitalization of the 790 companies listed on the Taiwan Stock Exchange (TWSE) amounted to US$634 billion

the ratio of Taiwan market capitalization to GDP was 139.8%

the total trading value in the same year being at US$890.94 billion

Turnover-rate of 119.87% and the Taiwan market P/E Ratio of 15.76

Taiwan stock market _ part 2

In the 1990sUnder the supervision of the Financial Supervisory Commission (FSC), the Taiwan securities market initiated its modernization process

Starting in 2000With a view to building a more accommodating regulatory environment and carried out a series of legal reforms

Market InfrastructureThe Taiwan Stock Exchange (TWSE)

the primary equities market in Taiwan

The GreTai Securities Market (GTSM) the market for bonds and small to medium-sized enterprises (SMEs)

The Taiwan Futures Exchange (TAIFEX)

the principal derivatives market in Taiwan

TWSE Structure

https://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1416854573642&chddm=994841&chls=IntervalBasedLine&q=TPE:TAIEX&ntsp=0&ei=iFhzVOmYJMLrkwW0koHQCw

IPO IN TAIWAN

The Characteristic of Taiwan Stock Market1. High Turnover-rate

2. Funding focus on Electronics stocks

3. High proportion of Retail Investors trading

4. Serious Insider Trading

5. Limitation on transaction & Human intervention