On February 10, 2026, the Taiwan Stock Exchange (TWSE) hosted the "Road to the Innovation Board - Exchange Meeting for Emerging Stock and Public Offering Companies," inviting numerous chairpersons, presidents, and senior executives from emerging stock and public reporting companies. The event focused on how enterprises can enter the capital market through the Taiwan Innovation Board (tib). It also highlighted how, post-listing, companies can accelerate their integration with international capital and facilitate corporate succession and sustainable development through optimized mechanisms and the comprehensive services provided by TWSE.
TWSE Chairman Sherman Lin opened the event by pointing out that Taiwan's capital market boasts high international visibility and competitiveness. The long-term, deep participation of foreign capital has made Taiwan a crucial market for global asset allocation. Enterprises choosing to list in Taiwan are not just raising funds; they are making a strategic layout to engage in dialogue with international institutional investors. He emphasized that the tib, like the general board, is positioned as a primary board; listing on it means becoming an officially listed company, rather than entering a transitional market. Listing is not the finish line, but the starting point for a company's internationalization and long-term growth.
Joshua Tien, Senior Vice President of the Foreign Listing Department, further provided a comprehensive introduction to the tib system and its full range of complementary measures. He noted that the tib adopts a market-cap-oriented review approach, emphasizing growth potential and innovative capabilities, and continuously enhances market efficiency through the tib 3.0 optimization measures. However, the core value of the tib lies in the complete post-listing support ecosystem that TWSE has built for enterprises:
Liquidity Support Mechanism: The tib features a dedicated market-making system to inject additional liquidity support. This mechanism stabilizes bid-ask spreads and trading depth, helping companies establish a reasonable price range in the early stages of listing. It reduces valuation discounts caused by insufficient liquidity, ensuring that corporate value is fairly reflected in an efficient market environment.
Corporate Visibility and Market Exposure: TWSE promotes the coverage of tib companies by professional institutional research reports. Through the publication of analyst research and industry perspective reports, the visibility of enterprises among institutional investors is elevated, allowing the market to more fully understand their operational strategies and long-term growth logic. Simultaneously, media resources are integrated to increase exposure in mainstream financial media and professional platforms, strengthening brand image and market recognition.
Sustainable Governance (ESG): TWSE assists tib companies in enhancing their ESG frameworks and disclosure quality. By providing guidance and resource support, TWSE helps companies align with international principles and disclosure standards. Through institutional construction, enterprises are equipped with governance standards recognized by international capital in the early stages of listing, strengthening their connections with long-term institutional investors.
International Capital Linkage: TWSE actively connects enterprises with international capital. Through investment seminars, overseas roadshows, and international exhibitions, it links global resources to expand shareholder structures and strategic cooperation opportunities.
From market-making liquidity and research report exposure to ESG guidance, international capital linkage, and media resource integration, a comprehensive support framework is formed, making the tib not merely a listing market but an acceleration platform for corporate growth.
In addition to TWSE, the event invited Chia-Ling Chang, Director of the National Development Fund's (NDF) Enhanced Investment Project Office, to introduce government investment mechanisms and capital matchmaking models. She explained how the NDF assists enterprises in strengthening their capital structures through strategic investments and resource integration, laying the foundation for their future entry into the capital market.
Lien-Sheng Hung, CPA from PwC Taiwan, approached the topic from the perspective of corporate succession and family governance, pointing out the importance of equity planning and institutional construction for corporate sustainable operations. He emphasized that an IPO is often a crucial catalyst for promoting governance professionalization, establishing a foundation of market trust by enhancing transparency and strengthening internal controls.
Wei-Min Chang, Chief Investment Officer of Allianz Global Investors Taiwan, noted that ESG has become an essential basis for institutional investors to evaluate corporate value. If enterprises can establish sustainable governance and information disclosure systems early on, it will help reduce the cost of capital and boost valuations. Sustainable development is now highly correlated with the capital market.
The event concluded with a networking session, where participating enterprises engaged in in-depth discussions with the TWSE team regarding tib listing plans and capital strategies. Many distinguished guests indicated that the event gave them a clearer understanding of the tib's systemic features and prompted them to rethink how succession and sustainability can be integrated with capital market planning.
This exchange meeting was not just a system briefing, but a dialogue about the future direction of enterprise development. The institutional support and professional services provided by the tib open a clear path to the international capital market for emerging stock and public reporting companies, prompting them to seriously evaluate the strategic choice of entering the capital market.