Taiwan Depository & Clearing Corporation

Three years after the impact of the COVID-19 pandemic, the annual general meeting of the Asia-Pacific Central Securities Depository Group, ACG, took place in Busan, Korea, from November 7 to November 10, 2022. Led by TDCC Chairman Han-Chiang Chu, the TDCC group attended the meeting and conducted communication with regional CSDs, exchanges, and international CSDs. In addition, the TDCC team was invited to be the panelist of the symposium, chairing group meetings of task forces and achieving further exchange with international organizations. After the meeting, another TDCC group was organized primarily for a visit to Korea Securities Depository, KSD. The two parties held further discussions on cross-border custody services and exchanged updates on the latest trends.

The theme of the 24th annual general meeting was “Financial Industry, Navigating the Sea of Uncertainty,” with ACG members discussing and exploring the future of CSDs in the post-pandemic era. TDCC was invited to be the panelist of the symposium “Creating the Future, Driving Future-proof Innovation.” The company also shared its successful experience in using Fintech and in following the trend of Open Banking, which provided asset integration information on securities, funds, and banks and successfully led the development of Taiwan’s Open Finance and financial inclusion.

During the meeting, Chairman Chu attended bilateral talks and communicated with CSD chairpersons and senior officials from different countries, including Korea, Japan, and Singapore as well as the Chairperson of World Forums of CSDs, WFC. They discussed the current status of each country’s industry, trends of innovative technology development, and the establishment of cooperative relationships. Besides, as the convener of the ACG investor services task force, TDCC has long been devoted to facilitating investor services exchange and communication among ACG members. At this annual general meeting, TDCC even held task force meetings as a moderator and discussed the latest trends of digital investor services development with different member organizations. The company expected to create more diversified development of the CSD industry through shared experiences.

In addition, to elevate cross-border custody services, TDCC arranged an exclusive visit to Korea Securities Depository, KSD, which possessed over two decades’ experience in overseas custody services. The two organizations could further exchange experiences and confer on the optimal operation mode. This visit indicated deeper bilateral cooperation on cross-border custody since 2015, when Taiwan and Korea established communication, research, and exchange on fund market benchmarks. In addition to fortifying the friendly bilateral relationship, this exchange can further accelerate business advances and expand cooperation.

As one of the founding members of ACG, TDCC also works as a member of the executive committee and as a convener of the investor services task force. In the future, TDCC, a crucial facilitator of the organization, will be devoted to promoting communication in the Asia-Pacific capital market. This can display Taiwan financial ecosystem’s soft power, such as digital innovation, resilient sustainability, and cyber security technology. Furthermore, TDCC can achieve altruism and the common good with all other ACG members to establish an even more robust Asia-Pacific financial ecosystem.