Taiwan Depository & Clearing Corporation

Over the past three decades, TDCC has been deeply dedicated to the capital market, developing various services and actively complying with Authority’s policies such as “Capital Market Roadmap,” “Fintech Development Roadmap,” and “Corporate Governance 3.0.” TDCC has been optimizing its core business and expanding its innovative digital services, gradually transforming from a back-office to a central office role. The company has offered “online, digital, and contactless” services, streamlining financial transaction procedures, improving investors’ digital experiences, and assisting the financial industry with sustainability transition.

According to TDCC Chairman Han-Chiang Chu, in the past three decades, TDCC has implemented responsible innovation with a rigorous attitude, offered high-quality, diverse services, constructed infrastructure for digital finance, and therefore won the trust of the market and Authority. TDCC has also actively implemented three major visions. First, the company “created a financial services hub,” lowering market costs to increase the entire market’s operational efficiency in B2B. In addition, in the area of B2C, the company has been “dedicated to developing financial inclusion,” improving the accessibility of financial services. Thirdly, in B2G, the company has provided “assistance for national financial market supervision,” exerting the immediacy of digital finance as support for the Authority’s precise supervision.

The year 2022 brought TDCC successful business development; the company’s preliminary earnings reached 7.948 billion, net income after tax was 4.251 billion, and EPS was 7.28 dollars. The major businesses promoted in 2022 are as follows:

I. Constructing an efficient virtual shareholder meeting platform

TDCC established the new eMeeting 2.0 platform, assisting 72 listed companies with more than 300 rehearsals and testing. Furthermore, TDCC also set up a situation room to monitor system operation and dispatched onsite personnel for full support to complete the annual shareholder meeting smoothly. The company also held talks with stock affairs agencies to conduct research on system optimization and eMeeting 3.0 platform development.

II. Assisting in creating open securities

To support the Authority in implementing open-end securities policies, TDCC, as well as Taiwan Securities Association, Chinese National Futures Association, and Securities Investment Trust & Consulting Association of the R.O.C., stipulated regulations for open securities business and information security. The company also built an open API platform and formulated contracts and regulations with Financial Information Service Co., L.T.D.

III. Establishing the Stock Affairs Supervisory Platform

To provide support for the Authority’s market supervision, TDCC conducted file creation for public opinion analysis and early warning, proxy solicitation, e-voting, and shareholder attendance statistics. The company analyzed controversial corporation patterns and integrated stock affairs supervision information as a reference for supervisory measures.

IV. Taking charge of the Fintech Co-creation Platform SupTech Team

The convening group discussed and researched introducing an automated and intelligentized supervision system. In addition, the group also studied cases of adaptation to related regulations governing diverse digital identity authentication and the best practice principles.

V. Implementing cellphone passbook and diverse innovation

The user number of TDCC ePASSBOOK has reached 3.5 million. The new functions added include offshore fund information and access to users’ savings account balances and transaction details in 14 open banks.

VI. Providing foreign investors and domestic investment trust companies with online account opening services

TDCC is responsible for setting up the information system and reaching a consensus. The company offered online solutions for traditional physical account opening procedure; it provided efficient online account opening procedure for foreign investors, domestic investment trust companies, domestic custodian banks, and securities firms.

VII. Participating in Central Bank’s digital currency CBDC pilot project

TDCC was invited to join the task force of Central Bank and assisted the task force with establishing a Direct Debit Authorization system. The company also conducted drills with market participants and accomplished the pilot project.

In the future, digital finance, financial inclusion, and sustainable finance will be the key to capital market development. TDCC will play a constructive and crucial role, stick to the spirit of “innovation, resilience, and sustainability,” and build on the core value of “altruism and common good” to collaborate with other peripherals. The company will take investors as its core, develop collaborative fields, conducting planning and execution of each business to welcome the future of Taiwan’s capital market.