Taiwan and Malaysia recently held talks to expand bilateral cooperation in capital markets
2023/03/06
From March 1st to 4th, a delegation led by the Chairman of Taiwan Depository & Clearing Corporation, Han-Chiang Chu, and the Chairman of the Securities and Futures Institute, Bing-Huei Lin, visited Malaysia to discuss regulatory environments, innovative back-office operations, and local voting advisory institutions, among other topics.
Taiwan and Malaysia recently held talks to expand bilateral cooperation in capital markets （From the right side: TDCC Chairman Han-Chiang Chu, Bursa Malaysia CEO Datuk Muhamad Umar Swift, Securities and Futures Institute Chairman Bing-Huei Lin )
The delegation met with executives of Bursa Malaysia, including CEO Mr. Swift and CSD Head Ms. Tay; as well as the CEO of Minority Shareholder Watchdog Group (MSWG), Mr. Evason. They exchanged practical experience and shared insights on their respective markets to strengthen bilateral cooperation.
Taiwan Depository & Clearing Corporation, along with TPEX, TAIFEX and other peripheral units, had jointly commissioned the Securities and Futures Institute to conduct a feasibility study on setting up a voting advisory institution in Taiwan. Malaysia's strong performance in developing local voting advisory institutions was particularly impressive, as recognized by the Asian Corporate Governance Association.
The two sides had signed a memorandum of understanding on cooperation in 2010. During this meeting, they discussed innovative areas such as data services, e-services, and ESG services, to promote market development.
Chairman Han-Chiang Chu said that the delegation gained many insights from their visit, and he was impressed with Malaysia's rapid market development and various innovative services provided by its stock exchange and CSD. After learning more about MSWG, he said it would be an important reference for Taiwan in evaluating the establishment of a voting advisory institution.
The CEO of Bursa Malaysia, Mr. Swift, stated that the two countries have long-standing profound friendship in the fields of economy, culture, and capital markets. He looks forward to more cooperation in various areas. The head of CSD of Bursa Malaysia Group, Ms. Tay, expressed great interest in the electronic services provided by the depository, such as e-Voting, e-Meeting, e-Notice, ESG IR platform, and e-Gift. She hopes to further exchange and promote the development of both markets.
To implement financial policies and align with the international community, after the reopening of Taiwan's borders, TDCC immediately launched international exchanges and planned more comprehensive business visits. It continues to develop with innovation, resilience, sustainability, and financial inclusion, grasping the international development trends, sharing the successful experience of TDCC's digital transformation, and mutually benefits the global market participants.