Taiwan Stock Exchange
The Taiwan Stock Exchange Corporation (TSEC) is the Taiwanese stock exchange . TSEC is based in Taipei , Taiwan. TSEC was founded in 1961, trading began in February 1962. The TSEC is led by Chairman Chi Schive and President Samuel JS Hsu.
Traded companies
As of the end of 2009, 741 companies were listed on the Taiwan Stock Exchange. The market capitalization was equivalent to TWD 21,033 billion . The technology load of the stock exchange is shown in the weighting of the most important sectors (according to market capitalization ):
- Computers and Peripherals (8.3%)
- Electronics (8%)
- Semiconductors (19%)
- Communication and Internet (7.4%)
- Optoelectronics (7.3%)
The largest companies (by market capitalization) are:
- Chunghwa Telecom
- Formosa Petrochemical
- Hon Hai Precision Industry (Foxconn)
- MediaTek
- Taiwan Semiconductor Manufacturing
The market capitalization of all companies listed on the stock exchange was US $ 1,044 billion in August 2017, making them one of the 20 largest stock exchanges in the world by market capitalization.
history
Exchange trading in Taiwan began in the 1960s. After Taiwan's political objectives shifted from substituting imports to promoting exports, the Securities and Exchange Commission (SEC) was established as early as 1960. This prepared the establishment of the TSEC, which began trading with 18 companies in 1962. Until the early 1980s, however, trade was slow, with little international participation.
Due to Taiwan's successful development as an export country and the accompanying strengthening of the currency, capital flowed back from overseas Taiwanese to Taiwan, but international interest in the Taiwanese stock exchange also increased. The opening of the market began in 1983, and efficient computer-aided trading systems were introduced in 1986/87. The following years were marked by speculative exaggerations. In some cases, price manipulation and companies in close relationships with underground organizations were also held responsible for this.
It was not until the 1990s that the Taiwanese government sought, on the one hand, to regulate the market more closely and, on the other, to open it up to foreign investors. These have been allowed to operate in Taiwan since the end of 2000. In the 1990s, the Taiwanese government repeatedly intervened in the market with support purchases.
Individual evidence
- ↑ Factbook Taiwan Stock Exchange ( Memento of the original from October 28, 2010 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ^ The Worlds Stock Exchanges by Market Cap. Retrieved March 7, 2018 .
- ↑ Sarah Kirchberger: The Taiwanese Stock Market: Development and Regulation of an "Emerging Market" in East Asia ( Memento of the original from July 27, 2007 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. (PDF; 157 kB). In: China Analysis. No. 5, August 2001.
