Taiwan: OTC market to hold forum on capital market development

Taiwan: OTC market to hold forum on capital market development

The GreTai Securities Market (GTSM) , Taiwan's over-the-counter (OTC) market, said today that it will hold a forum on the development of the capital market Nov. 17, focusing on fundraising efforts by small and medium-sized businesses and emerging high-tech firms.

According to the GTSM, these firms have become one of the driving forces behind Taiwan's economic growth, although investment in these companies has higher risk despite delivering high returns.

The GTSM said the forum will feature how to build a mechanism to govern investment in these emerging stocks, while helping investors map out their investment strategies and hedge risks.

The organizer said the forum will include four panel discussions that experts in securities, banking, accounting and venture capital businesses at home and abroad, as well as financial authorities, scholars and entrepreneurs, are expected to attend.

The discussions will bring up the prospects of building a fundraising platform in the Asia-Pacific region for small and medium-sized businesses, while the tasks of the OTC market in taking on challenges and seizing business opportunities will be also covered.

The discussions will also address the efforts being made to set up a platform in the Asia-Pacific region for emerging high-tech companies, as well as the cooperation of capital markets in the region, the GTSM said.

Vice President Vincent Siew will serve as one of the three keynote speakers at the forum and will describe the structural reform of Taiwan's industries since the implementation of the economic cooperation framework agreement (ECFA) signed with China in late June, the GTSM said.

Council for Economic Planning and Development Chairwoman Christina Liu and Financial Supervisory Commission Vice Chairman Wu Tang-chieh will also address the forum, the GTSM added.

As of the end of October, OTC-listed high-tech companies totaled 399, accounting for about 72 percent of the market total listings, according to the GTSM.

Updated : 2021-03-08 09:41 GMT+08:00