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Development Strategy
The GTSM's vision is to collaboratively build itself into Asia-Pacific's most distinctive financial trading and services center, placing special emphasis on the GTSM's positioning itself as a "financial trading and services center" as well as its benchmark goal of becoming "most distinctive"
1. Financial trading and services center:
In addition to operating a stock exchange and trading platforms for over-the-counter market products, the GTSM also provides a spectrum of high-quality peripheral services. To help companies meet their fund-raising objectives, we provide listing and registration services for equity and debt securities and securitized products. To meet trading needs, we provide a full array of diverse investment tools and vehicles. In addition to conventional stocks and bonds, we are continuing to develop, for example, exchange-traded funds (ETFs) and GTSM derivatives that are linked to a variety of products and markets. The GTSM will also continue its efforts to advance and perfect corporate governance and market self-regulatory mechanisms, offer comprehensive GTSM trading and post-trading services, and build facilities such as trading information platforms that relate to industry value chains and operating assets. It is the GTSM's aspiration and goal to provide comprehensive services of the highest quality to meet the fund raising and trading objectives of all types of issuers and investors in the capital markets.
2. Most distinctive:
In tandem with current reforms and deregulation in the greater Asia-Pacific financial markets as well as the emergence of the greater China capital market and the Renminbi as an international currency, it is highly anticipated that the fund-raising and investment business of the region will increase rapidly. This is especially true of those enterprises seeking to raise capital overseas through, for instance, offshore investment business. With this in mind, the GTSM will implement its organizational credos of "service, efficiency, innovation, openness, trust, and co-petition", and actively strive to elevate its competitiveness and attractiveness in the international arena.
The GTSM also assists the central regulatory authority in the implementation and perfection of market supervision and surveillance systems and in the elimination of legal and regulatory barriers, to provide a sounder and more friendly trading environment. To enhance its competitiveness, the GTSM also makes constant efforts to upgrade and strengthen itself in the areas of human resource cultivation, research and development, corporate governance, social responsibility, and information systems.
The GTSM strives to upgrade its level of service and efficiency to attract issuers and investors from the Asia-Pacific region. To upgrade its service and strengthen its market appeal, the GTSM will establish Asia-Pacific high-tech industry trading platforms, comprehensive bond and derivatives trading mechanisms, and enhanced internal and external service mechanisms and facilities. By raising its efficiency and invigorating the market, the GTSM will also be able to lower costs to both issuers and investors.
In order to realize its unique vision, the GTSM utilizes the six strategies above to formulate its major objectives and implement its action plans, It seeks to deepen and broaden the overall market through concrete achievements in market size, trading volume, diversity of products and participants, and overall market quality.
1. Issuance:
(1) To broaden the sources of enterprises coming to the GTSM for listing: to encourage more domestic
enterprises, and enterprises from throughout the Asia-Pacific region, including Taiwanese-invested ones,
to come and list their stock (or TDRs) on the GTSM or to register them with the GTSM as emerging stocks.
(2) To broaden the scope of the market for products other than stocks: to promote and expand the issuance
of corporate bonds, bank debentures, and OTC derivatives.
2. Trading:to increase the trading volume of GTSM listed and emerging stocks and OTC derivatives,
thereby increasing market liquidity.
3. Diversity of the market and participants:
(1) Diversity of products and services: to promote ETF listings and to promote mutual listings of ETFs with
other countries; to promote clearing services for GTSM traded bonds and derivatives; and to establish
diversified financial product trading platforms.
(2) Raise the volume of trading by foreign investors: to increase the rate of participation by foreign
institutional investors in trading on the GTSM.
4. Raise the quality of the market: to encourage GTSM listed enterprises to complete corporate social
responsibility reports and to obtain corporate governance assessment certification.
1. Financial trading and services center:
In addition to operating a stock exchange and trading platforms for over-the-counter market products, the GTSM also provides a spectrum of high-quality peripheral services. To help companies meet their fund-raising objectives, we provide listing and registration services for equity and debt securities and securitized products. To meet trading needs, we provide a full array of diverse investment tools and vehicles. In addition to conventional stocks and bonds, we are continuing to develop, for example, exchange-traded funds (ETFs) and GTSM derivatives that are linked to a variety of products and markets. The GTSM will also continue its efforts to advance and perfect corporate governance and market self-regulatory mechanisms, offer comprehensive GTSM trading and post-trading services, and build facilities such as trading information platforms that relate to industry value chains and operating assets. It is the GTSM's aspiration and goal to provide comprehensive services of the highest quality to meet the fund raising and trading objectives of all types of issuers and investors in the capital markets.
2. Most distinctive:
In tandem with current reforms and deregulation in the greater Asia-Pacific financial markets as well as the emergence of the greater China capital market and the Renminbi as an international currency, it is highly anticipated that the fund-raising and investment business of the region will increase rapidly. This is especially true of those enterprises seeking to raise capital overseas through, for instance, offshore investment business. With this in mind, the GTSM will implement its organizational credos of "service, efficiency, innovation, openness, trust, and co-petition", and actively strive to elevate its competitiveness and attractiveness in the international arena.
◆The GTSM's six organizational convictions: service, efficiency, innovation, openness, trust, and co-petition
Holding fast to the tenets of "service, efficiency, innovation, openness, trust, and co-petition," the GTSM has aligned both its legal and regulatory mandates, as well as its market supervision structure to those of the world's advanced markets. It monitors international trends and makes corresponding adjustments to enhance and strengthen its systems. It constantly strives to upgrade its competitiveness in the areas of legal and regulatory mechanisms, information systems, market self-regulation and internal controls, human resource cultivation, and research and development. To further strengthen its appeal, the GTSM intends to accelerate the promotion of its more distinctive areas of expertise, such as in high-tech industry trading platforms, bond and derivative trading mechanisms, and their related services and facilities.The GTSM also assists the central regulatory authority in the implementation and perfection of market supervision and surveillance systems and in the elimination of legal and regulatory barriers, to provide a sounder and more friendly trading environment. To enhance its competitiveness, the GTSM also makes constant efforts to upgrade and strengthen itself in the areas of human resource cultivation, research and development, corporate governance, social responsibility, and information systems.
The GTSM strives to upgrade its level of service and efficiency to attract issuers and investors from the Asia-Pacific region. To upgrade its service and strengthen its market appeal, the GTSM will establish Asia-Pacific high-tech industry trading platforms, comprehensive bond and derivatives trading mechanisms, and enhanced internal and external service mechanisms and facilities. By raising its efficiency and invigorating the market, the GTSM will also be able to lower costs to both issuers and investors.
◆The GTSM's six major development strategies
In order to realize its unique vision, the GTSM utilizes the six strategies above to formulate its major objectives and implement its action plans, It seeks to deepen and broaden the overall market through concrete achievements in market size, trading volume, diversity of products and participants, and overall market quality. 1. Issuance:
(1) To broaden the sources of enterprises coming to the GTSM for listing: to encourage more domestic
enterprises, and enterprises from throughout the Asia-Pacific region, including Taiwanese-invested ones,
to come and list their stock (or TDRs) on the GTSM or to register them with the GTSM as emerging stocks.
(2) To broaden the scope of the market for products other than stocks: to promote and expand the issuance
of corporate bonds, bank debentures, and OTC derivatives.
2. Trading:to increase the trading volume of GTSM listed and emerging stocks and OTC derivatives,
thereby increasing market liquidity.
3. Diversity of the market and participants:
(1) Diversity of products and services: to promote ETF listings and to promote mutual listings of ETFs with
other countries; to promote clearing services for GTSM traded bonds and derivatives; and to establish
diversified financial product trading platforms.
(2) Raise the volume of trading by foreign investors: to increase the rate of participation by foreign
institutional investors in trading on the GTSM.
4. Raise the quality of the market: to encourage GTSM listed enterprises to complete corporate social
responsibility reports and to obtain corporate governance assessment certification.