In an effort to proactively promote the nation’s financial development strategy, TWSE Chairman & CEO Sherman Lin led a delegation to New York in early March, with the aim of advancing the core policy objectives of the “Asian Asset Management Center.” By strengthening international market linkage, reinforcing cross-border product collaboration, and promoting market system alignment, the TWSE strives to enhance the global competitive edge and strategic importance of Taiwan’s capital market.
With the goal of deepening international capital linkages, the delegation arranged visits to New York and met with over a dozen organizations, including local exchanges, global asset managers, institutional investors, and index providers. This allowed in-depth discussions with key market participants. During the meetings, the development of Taiwan’s capital market and the industry’s competitive advantages were detailed. Both parties engaged in comprehensive discussions on global asset allocation trends, investment opportunities for Taiwan’s capital market, and the development of cross-border financial products. The delegation also answered questions regarding Taiwan’s ETF development strategies—which were of high interest to international investors—the TWSE’s future plans, and friendly investment environment-related measures. At the same time, both sides promoted cross-border financial products, as well as system alignment, strengthening the two-way connection between Taiwan and U.S. markets.
Benefiting from strong market growth momentum, Taiwan’s capital market is at a historic turning point—Taiwan’s equity market is the world’s seventh largest by market capitalization. At a meeting with institutional investors, Chairman Lin spoke of the robust advancement of Taiwan’s stock market in 2025—in particular, foreign holdings that now account for nearly half of the market’s total value. This clearly demonstrates strong worldwide interest in investing in Taiwan. This year, the TWSE will launch the “Power Up Plan 2.0” scheme to help listed companies enhance their corporate value while deepening engagement with global institutional investors. According to Chairman Lin “Through direct dialogue with international asset management institutions, the TWSE is committed to continuing to improve Taiwan’s international visibility and institutional competitiveness. In the future, we will strive to promote product innovation, cross-border collaboration, and market optimization, enabling Taiwan’s capital market to play a more crucial role in Asia’s capital management landscape.”
In line with the government’s policy to promote the “Asian Asset Management Center” (AAMC), the TWSE has established a dedicated promotion office, serving as a contact point for international asset management institutions, market participants, and continued market expansion. In recent years, aside from the continuous expansion of ETF product deployment, the TWSE has also introduced active and passive multi-asset ETFs, driving the total ETF assets under management to a record high and ranking top in the Asia-Pacific market. This has, at the same time, strengthened cross-border product collaboration and international index linkages, and in turn, enhanced incentives for asset management firm participation, encouraging capital to remain in Taiwan as well as attracting global investment. This positive progress will gradually form a capital management ecosystem for Taiwan’s international competitiveness.
In addition, as Taiwan’s ETF market has been booming in recent years, the TWSE team also shared with U.S. Investors the successes of the Taiwan market and future development plans. In 2025, Taiwan’s ETF market concentrated on three strategies - “product diversification,” “inclusive institutions,” and “ecosystem collaboration.” The product range expanded to include both active and passive multi-asset ETFs to diversify investors’ asset allocation options, benefiting almost 14 million people. The adoption of fixed-term, fixed-amount investment plans has drawn the participation of young people, positioning Taiwan as the third-largest market in the Asia-Pacific region by asset size as of 2025, and highlighting both the depth and breadth of its market development.
The two “Taiwan Day” roundtable forums co-hosted with Bloomberg were highlights of the U.S. visit, further expanding engagement with international market participants. During the two events, the TWSE met with the heads of asset management firms and institutional investors from the U.S. and Canada. Taiwan’s recent capital market policy reforms, system optimization, industry development highlights, and trading practices were discussed. Consequently, the TWSE increased the international investors’ awareness of Taiwan’s capital market systems and trading practices. Moreover, these meetings also fostered directed dialogue with international investors while the institutional investors exchanged views on issues associated with the investment environment, including extending trading hours, narrowing tick sizes, and moving to a T+1 securities settlement cycle. According to the TWSE, the direction for optimizing the relevant systems will focus on exploring various plans to respond to market needs and enhance overall investment convenience.
With respect to collaboration between international stock exchanges, in view of the global trend of exchanges competing for global capital and financial innovation, the TWSE continues to strengthen its connection and collaboration with worldwide markets. The delegation visited the NYSE and NASDAQ to exchange ideas regarding market listing and trading systems, information disclosure, innovative products, and other issues, further solidifying partnerships between Taiwan and U.S. markets.
Between the TWSE, index companies and asset management institutions, viewpoints on index licensing, product design, and collaboration approaches were exchanged. This will lay the foundation for the future development of cross-border ETFs and diversified financial products, and improve the internationalization of products in the Taiwan market, strengthening its role as a regional asset allocation hub.
This visit to the U.S. not only continues the financial dialogue from both sides but also marks an important milestone in the reinforced collaboration of cross-border products. The advantages of “Taiwan’s supply chain” and “international capital” are combined to enhance the confidence of U.S. institutional investors toward asset allocation. This will boost the market’s long-term growth momentum, steadily advancing towards AAMC goals. During this trip, the TWSE also highlighted the upcoming Taiwan Weeks 2026 initiative, which showcases Taiwan’s strengths in diversified financial products, sustainable governance, and fintech. Industry leaders were invited to take part in the Taiwan Weeks 2026, further jointly extending Taiwan’s value chain as an essential core component of global asset allocation.