The Taiwan Monthly

Jul. 2025

Global Connection

Taiwan Stock Exchange and SITCA Join Forces in Thailand to Expand Cross-Border ETF Cooperation Opportunities

To deepen collaboration and enhance information sharing between the capital markets of Taiwan and Thailand, the Taiwan Stock Exchange (TWSE) and the Securities Investment Trust & Consulting Association of the R.O.C. (SITCA) visited Bangkok, Thailand, from June 5 to June 6. During the visit, they held meetings with the Securities and Exchange Commission of Thailand (SEC Thailand), the Stock Exchange of Thailand (SET), the Thailand Futures Exchange (TFEX), and the Association of Investment Management Companies (AIMC) to discuss the potential for market connectivity and to understand the current development of ETFs and DRs in Thailand. This visit helped enhance mutual understanding of market mechanisms and laid a solid foundation for future collaboration between the two capital markets.

 

On June 6, the TWSE and SITCA co-hosted the "Taiwan-Thailand Capital Market and ETF Development Forum," inviting representatives from SET plus local securities and investment firms. The forum focused on capital market trends and ETF development in both Taiwan and Thailand, drawing over 100 professionals from Thailand’s securities and asset management sectors and highlighting strong interest in cross-border collaboration.

 

During the opening remarks, TWSE SEVP Hui-Chuan Tu stated that Taiwan’s capital market has established a sound foundation and comprehensive regulatory framework, with continuous growth in market capitalization and trading volume. The ETF market has also expanded rapidly, offering a wide variety of products with strong growth potential. She emphasized the competitiveness of Taiwan’s high-tech industry, which provides solid support for ETF product development, and expressed hope for diversified cooperation with the Thai capital market to jointly promote cross-border ETF development and achieve mutual prosperity.

 

At the forum, TWSE representatives presented an overview of Taiwan’s capital market development, including current industry trends, market scale, and trading activity. They also discussed the diverse characteristics and rapid growth of ETF products. Additionally, representatives from Taiwan Index Plus shared their experience in index development and discussed how index innovation drives product diversification and creates opportunities for international licensing. SET presented on its DR linkage mechanism, offering insights into the development and practical experience of ETFs and cross-border DRs in the Thai market.

 

Furthermore, representatives from Yuanta Securities (Thailand), KGI Securities (Thailand), and LH FUND shared their experience in issuing products linked to Taiwan ETFs. During a panel discussion, they also provided suggestions and local promotion strategies, helping many participating Taiwanese asset management firms better understand the practical operations of the Thai market and offering valuable references for future market entry.

 

This productive visit to Thailand’s capital market by the TWSE and SITCA yielded fruitful results. Going forward, the TWSE will continue to deepen bilateral capital market cooperation between Taiwan and Thailand and assist Taiwan’s asset management industry in expanding overseas business opportunities, in line with the competent authority’s goal of establishing Taiwan as an Asian Asset Management Center.