TWSE Press Release

Handover Ceremony of the TWSE Chairmanship Held

Publish Date︰2017/11/10 17:14



At 5 pm on November 3, the handover ceremony of the TWSE chairmanship was held on the 9th floor conference hall of Taipei 101. The incoming chairman, Mr. Hsu Jan-Yau, previously served as both a minister in the Executive Yuan and the Taiwan Provincial Government.

Born in 1951, Mr. Hsu graduated from National Cheng Kung University with a bachelor’s degree in accounting and statistics, and from National Chengchi University with a master’s degree in statistics. Before assuming this current role, he had previously served as deputy head and head of the Directorate-General of Budget, Accounting and Statistics.

In his speech during the handover ceremony, Mr. Hsu said that since May 23 of this year, the TAIEX has risen steadily to a current total of 10,800.77 points, and the total market capitalization of TWSE-listed stocks currently amounts to NTD 32.22 trillion, indicating favorable development of the capital market in Taiwan. To meet the challenges of internationalization and extensive competition for rapidly moving global capital, the new Chairman will continue to implement the measures created by his predecessor to achieve steady progress in the following four areas: (1) Promote the listings of diversified and high-quality companies, and actively strengthen corporate governance; (2) Relaxation of unnecessary controls in convergence with international stock market systems; (3) Development of diversified products to meet market demand; and (4) Strengthening alliances and expanding international links.

Mr. Hsu also mentioned that this year’s third quarter economic growth rate reached 3.11%, and the annual growth rate is expected to almost reach 2.5%, showing a prosperous economic period boom. The TWSE will continue to promote the development of the capital market and establish an investment platform that is transparent, fair and efficient so as to assist enterprises to raise funds and provide quality public investment channels.  Mr. Hsu also called on listed companies to maximize innovation and investment in Taiwan, working together for the sustained growth of the national economy, and to fulfill their corporate social responsibilities to employees and stakeholders.