The Taiwan Stock Exchange (TWSE) and the Philippines Stock Exchange (PSE) have signed a memorandum of understanding (MoU) to promote and enhance cooperation between the countries’ capital markets.
Positioning Taiwan as an Asian asset management centre is a priority for the Financial Supervisory Commission (FSC), with international cooperation an important element of this. Further connecting the Taiwanese and Filipino financial markets is a key part of this, the commission’s vice chair Yen-Liang Chen affirmed. Chair Sherman Lin added that the MoU settles the foundations for greater connection between the two markets in the future.
Through the MoU, the exchanges will form a task force to share experiences in areas including product development, market information and ESG, they stated. Recent years have seen collaboration between the two countries in a variety of fields, with the Taiwanese government voicing support for the ‘New Southbound Policy’.
On the signing, Ramon Monzon, PSE president and CEO, commented: “I am looking forward to a meaningful partnership between PSE and TWSE. I am optimistic our discussions will lead to the pursuit of mutually beneficial initiatives. Their insights on product and technology, development, regulatory and sustainability initiatives will serve as invaluable inputs to PSE.”
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