TWSE, Bloomberg team up to boost Taiwan firms’ global visibility

The Taiwan Stock Exchange (TWSE) yesterday signed a memorandum of understanding (MOU) with Bloomberg to raise the international profile of Taiwanese companies and help foreign institutional investors better understand their financial fundamentals.

Speaking at the signing ceremony, TWSE chairman Sherman Lin (林修銘) said foreign institutional investors had traditionally played a major role in connecting Taiwanese companies with global markets.

Lin said the TWSE now hopes to use Bloomberg’s widely used financial information services to introduce more Taiwanese companies to international investors, fund managers and market analysts.

Taiwan Stock Exchange chairman Sherman Lin, left, signs a memorandum of understanding with Bloomberg Asia‑Pacific chairman Li Bing yesterday to boost Taiwanese firms’ global visibility.

Photo: CNA

Under the MOU, Bloomberg has added the TAIEX to the market indices section of Bloomberg.com, providing investors with up-to-date market information.

“The inclusion of the TAIEX in Bloomberg’s index section is expected to allow global institutional investors and fund managers to keep abreast of developments in the Taiwan equity market and enhance the visibility of the local market among international investment institutions,” Lin said.

According to the TWSE, the “Bloomberg x TWSE Power Up” program will initially focus on mid-cap companies with market capitalizations of between NT$40 billion (US$1.21 billion) and NT$200 billion.

Participating companies will be able to subscribe to Bloomberg Terminal services, giving their corporate and investor relations teams access to market data, analytics, insights and tools to identify and engage with potential investors, the TWSE said.

The program will also offer workshops and seminars to help participating companies develop their capabilities.

Bloomberg Intelligence, Bloomberg’s research arm, will explore providing research coverage of participating companies based on its independent research judgment, coverage criteria and internal policies, the TWSE said.

In addition, Bloomberg Terminal will create a dedicated page for Taiwan’s stock market to help international investors access information about local equities, the exchange said.

The two partners will also establish a financial education lab to give students and young professionals hands-on experience with financial markets, data analysis and real-world investment practices, the exchange added.

Bloomberg Asia-Pacific chairman Li Bing (李冰) said Taiwan had become one of the region’s most dynamic capital markets and had attracted considerable global attention.

“TSMC (Taiwan Semiconductor Manufacturing Co, 台積電) is not the only fundamentally sound enterprise in Taiwan. The market is full of many other good companies,” Li said.

“Through this cooperation, I hope more and more foreign investors will gain a better understanding of Taiwan, while more Taiwanese companies will go global to connect with foreign investors,” Li added.