The Taiwan Stock Exchange (TWSE) has seen a newly revamped leadership structure. It welcomes its newest chairman, adding former Jun-ji Shih as well as former TPEx Deputy Chairman Chi-hsien Lee as its president with immediate effect.
The TWSE’s Chairman Jun-ji Shih joins the Exchange after serving in several regulatory roles including a stint as the Commissioner of the Fair Trade Commission, Chairman of the Financial Supervisory Commission, and Minister without Portfolio of the Executive Yuan.
By extension, Chi-hsien Lee steps into his new role after working as the Commissioner of the Securities and Exchange Commission, with positions as the Director-General of the Securities and Futures Bureau as well as the President of the Taipei Exchange.
Both individuals will embark on a strategy with the TWSE to support the Taiwanese government's financial policies as well as adopting an array of international standards and market cohesion in the country. Shih has also expressed a desire to help mitigate unnecessary restrictions in order to make regulations more aligned with international standards as well as developing different products to meet and create demand.
The TWSE made headlines earlier this week after it announced that its securities net overbought position by foreign investors was NT$29.33 billion during the week of 27 June to 1 July 1. This represented a difference between NT$127.40 billion securities bought and NT$98.07 billion securities sold. Overall, the market capitalization of the shareholdings of foreign investors was NT$10,138.88 billion as of 1 July 2016, or 39.51% of the total market capitalization, up NT$363.09 billion compared with a week ago.
Finance Magnates last reported on the TWSE last month when it touched on a flourishing ETF market, accounting for a 10 percent turnover after the Financial Supervisory Commission (FSC) amended its regulations to allow the listing of more diverse exchange-traded products in 2014.
