Taiwan Depository & Clearing Corporation

In 2024, the financial market showed strong momentum and profits were the highest in history. Chairman Bing-Huei Lin said that in 2025, the three major goals will be to support the Financial Supervisory Commission to develop the Asian Asset Management Center, build a financial digital innovation service mechanism, and enhance the digital mechanism of shareholder e-services, in order to continue the market prosperity.

The Directorate General of Budget, Accounting and Statistics recently announced that Taiwan's economic growth rate in 2024 is estimated to be 4.3%. The domestic stock market is rising in both price and volume. In 2024, the three financial industries will have a surplus of more than NT$1 trillion, of which the securities industry will have a net profit of NT$101.6 billion, a significant increase of 48%. , showing that the overall market transactions are active. Bing-Huei Lin said that the economic situation in 2025 will still be affected by many uncertainties and geopolitics. In the process of reshaping the global economic and trade landscape, the financial market is the driving force for guiding capital flows and promoting economic transformation. The processing capacity of financial infrastructure and resilience is key.

As a key driver of innovative finance and inclusive finance, TDCC will optimize its core business, agilely develop innovative services, and plan various specific promotion projects in 2025 through digital development and information security enhancement:

1. Support the Financial Supervisory Commission to develop the Asian Asset Management Center

TDCC has developed a complete fund service ecosystem. By 2025, it will improve the efficiency of fund market payment and collection through the standardization and automation of fund market information and capital flows. In order to assist the Financial Supervisory Commission in promoting market development, fund review will be expanded and investment trust business audit services will be added in 2025. In addition, a fund declaration and investor inquiry mechanism for Taiwan Individual Savings Accounts (TISA) is planned. In the future, once investors pass identity authentication, they can check their personal TISA-level fund transaction records and balance information through the TDCC ePassbook App or TISA website.

TDCC will also build a private product investment platform to provide a full range of services including private fund issuance registration, information disclosure, transaction transmission and payment settlement, in order to achieve the policy goal of "retaining wealth and attracting investment" as the Asian asset management center.

2. Establishing a financial digital innovation service mechanism

In order to enhance digital services for securities firms and improve the functions of the central depository back-end operation center, TDCC's digital book-entry transfer operation platform will complete the comprehensive conversion of common transactions, continue to optimize related operations and verification procedures, and cooperate with the revision of the electronic signature law, expanding the automated straight-through service (STP) functions such as collection and collaterals. In line with the Fintech Development Roadmap 2.0, TDCC is studying the feasibility of open securities in the second phase, adding futures assets and other related operations to the TDCC ePassbook App, while promoting cooperation with banks to handle the transaction-side business of Open Banking 3.0.

It will also continue to participate in the Financial Supervisory Commission's Real World Asset (RWA) Tokenization Task Force and the Central Bank Digital Currency (CBDC) Blockchain POC Project to assist in the virtual-real connection operations such as financial flows between digital assets and financial assets.

3. Enhance the digital mechanism of shareholder e-services

TDCC's "Shareholder e-Services" has been expanded to include eVoting, eMeeting, eNotice, and most recently, eCounter. The 4e ecosystem is formed to enhance the shareholders’ digital experience. In 2024, the eVoting rate remained stable at over 60%, and the foreign investment utilization rate reached 98%. In 2025, the bilingual interface of electronic voting and the standardization of shareholder meeting proposals will continue to be optimized. By 2024, 109 companies used eMeeting, attracting foreign shareholders for two consecutive years. In 2025, the time for eMeeting to produce voting reports will be shortened by 40%, boosting the efficiency of Taiwan's shareholders' meetings and aligning with international standards. More than 1,200 companies have signed up for the eNotice service, and the number of users is expected to exceed one million by 2025. It is also planned to include electronic notifications for public acquisitions. In addition, eCounter, which will be launched in 2025, will provide shareholders with digital signature services, such as online account opening and basic information change, which will significantly reduce counter operations and transportation, and implement the ESG concept.

2025 is a critical year for the financial market. TDCC deepens its three major visions of "Enhance the financial asset depository platform", "Lead digital innovation in financial services", and "Promote the sustainable development of financial markets", strengthens AI applications, and expands the service scope and service scenarios, combined with the concept of sustainable development, help financial "security" and "development" to continue to advance in tandem.