Taiwan Stock Exchange (TWSE) stated that today (20th), they signed a Memorandum of Understanding (MoU) with the Philippine Stock Exchange (PSE). This MoU signing signifies not only TWSE and PSE’s response to governmental policies but also marks an important milestone in the cooperation between the capital markets of Taiwan and the Philippines.
The MoU signing ceremony between Taiwan Stock Exchange and the Philippine Stock Exchange (PSE) today was led by TWSE Chairman Lin Hsiu-Ming and PSE President & CEO Ramon S. Monzon, with Financial Supervisory Commission (FSC) Vice Chairman Chen Yen-Liang as a witness.
TWSE mentioned, “With Taiwan and the Philippines being geographically close and having frequent economic and trade interactions, our government has been actively promoting the ‘New Southbound Policy,’ continually strengthening cooperation with the Philippines across various sectors. This MoU focuses on establishing working groups to share experiences in product development, market data, ESG (Environmental, Social, and Governance), and aims to jointly promote the Taiwan-Philippine markets, deepening collaboration.”
Chairman Lin Hsiu-Ming stated that Taiwan’s capital market has shown remarkable performance during and post the pandemic, credited to the stable nature of listed companies covering diverse trendy industries, along with the successful issuance of multiple thematic ETF products, attracting more investors to the Taiwan market.
Looking ahead, Chairman Lin expressed, “We will continue to assist listed companies in enhancing market capitalization, advancing ESG development, and introducing products that meet investor needs. We believe these directions align with PSE’s goals, and we look forward to deeper exchanges based on today’s MoU in these areas.”
FSC Vice Chairman Chen Yen-Liang emphasized that promoting Taiwan to become the “Asian asset management center” is a crucial policy goal, with international cooperation and exchanges being essential components to achieve this objective. Through the MoU signing, a solid foundation has been laid for integrating the strengths of Taiwan and the Philippines’ capital markets in the future, taking a significant step towards enhancing the connection and cooperation between the two financial markets.
PSE President & CEO Ramon S. Monzon expressed anticipation for PSE and Taiwan Stock Exchange to become significant cooperative partners, believing that through extensive exchanges between the two parties in the future, mutually beneficial and meaningful initiatives will be fostered. PSE views that Taiwan Stock Exchange’s insights in products, technological development, regulation, and sustainability will inject valuable value into PSE’s development.
Taiwan Stock Exchange concluded that today’s ceremony was a complete success, affirming that the cooperation between TWSE and PSE will not only bring more opportunities and challenges for both sides but will also open a new chapter of cooperation and exchanges between Taiwan and the Philippines’ capital markets.