Taiwan Depository & Clearing Corporation

November 4, 2015 marked the commencement of ACG 19 at Grand Hyatt in Taipei. Senior management and representatives from Asian CSDs and clearing corporations gathered together to exchange business development experiences and shared thoughts on operation and future prospects of the industry.

This annual conference started as Mr. Ding Kung-Wha, Chairman of Taiwan Depository & Clearing Corporation, delivered the welcome speech. Mr. Muhammad Hanif, the Executive Committee Chairman of Asia-Pacific CSD Group, gave the opening speech afterwards. The congratulatory speech was delivered by Mr. Tseng Ming-Chung, Chairman of Financial Supervisory Commission of Taiwan; in addition, Mr. Tseng also commented on the recent development of our local capital market and future major policies. The other three honored guests, Mr. Wu Tang-Chieh, Political Deputy Minister, Ministry of Finance and Chairman, Land Bank of Taiwan, Mr. Jeffrey Tessler, Member of the Executive Board of Deutsche Brse, Chairman of the Board of Directors of Clearstream, and Mr. Christophe Uzureau, Research Vice President of Gartner Inc. also made keynote speeches for the conference respectively.

The main theme of ACG 19 was “High Growth Potential in Asia: Opportunities and Challenges for Asia-Pacific CSDs.” The conference consisted of one presentation session, two panels, with issues covering cross-border services, FinTech, big data, PFMI and other latest issues on market trends. There were fifteen speakers in total giving insightful speeches, and the contents of discussion were not only comprehensive but also engaging. During the two-day conference, there were additional five task force meetings, senior management meetings and exclusive general meetings for members. AFSF, initiated by KSD, was also officially founded at the conference. All in all, this conference was extremely fruitful.

Local and international participants of the conference all agree that Asian market has strong economic growth and infinite development possibility. Economic achievement in Asia not only attracts an enormous amount of foreign capital but also increases domestic investors’ needs in investing in global market. The prosperity of cross-border transaction, together with a great leap forward in information technology, brings significant challenges and exciting opportunities. Asian CSDs, whose role is the infrastructure of the market, can never stand aloof from the trend. In addition, strengthening risk management, fulfilling participants’ needs, improving service quality for investors, and developing diversified business are the new challenges and opportunities that Asian CSD industry will face. Through the understanding among the members, the main purpose of ACG is to accelerate the growth of cross-border market and effectively improve the service procedure, so that we can provide investors with faster and more convenient cross-border services and increase market scale.