The Taiwan Monthly
About the TWSE
TWSE launches new CIS and new initiatives on July 3, 2023
The Taiwan Stock Exchange (the TWSE) unveiled a new corporate identity system (CIS) on July 3, highlighting its initiative to create a vibrant capital market, in collaboration with the Financial Supervisory Commission (the FSC), peripheral units, and market participants.
At the CIS presentation ceremony, dubbed "Partners Today Tomorrow and Beyond," Huang Tien-Mu, FSC chairperson, pointed out that the FSC, the TWSE, and related parties will join hands in tapping new business opportunities and marching towards a booming capital market. Chang Chen-Shan, director general of the Securities and Futures Bureau, the FSC, and representatives from the Taiwan Securities Association, the Securities Investment Trust and Consulting Association of the ROC, the Chinese National Futures Association, and securities peripheral units also attended the event.
The TWSE also took the occasion to launch the ESG InfoHub aiming to foster an ESG ecosystem in the capital market. The move came on the heels of a number of measures taken by the TWSE recently, in order to synergize the market. They include new industrial categorization, helping companies with innovative features create a clustering effect, compilation of new indices to facilitate investments in startups, and establishment of the "Investment InfoHub," offering one-stop information service to international institutional investors.
Huang Tien-mu noted that the new TWSE CIS is a visual identity based on the two levels of concept identity and behavioral identity, contributive to the formation of the organization's management concept and culture, rallying internal and external stakeholders for the creation of a prosperous capital market.
TWSE chairman Sherman Lin remarked that the rollout of a brand new CIS, following a modification of its CIS in 2008, along with the renovation of the TWSE information exhibition center, marks a milestone of the Taiwanese capital market.
Lin stressed that the CIS makeover represents the reshaping of the TWSE's management concept and its restart, rather than adoption of new emblem or catchword only. The new CIS is the result of long-term deliberation, with three major connotations:
1. It sets sights on the future on the basis of the past. Over the past 60-odd years since its inception, the TWSE has been the leads a trend of the Taiwan capital market, closely associated with the nation's industrial development. TWSE employees have joined hands with their partners at peripheral units in pushing the development of the market, under the assistance of the regulators, thereby laying a solid foundation for the market's prosperous development. The new CIS is a homage to the effort and contribution of the TWSE workforce over past 60-odd years.
2. It embodies "reflection" on the part of the TWSE, in order to reposition the capital market to march towards a stronger future, in the wake of the drastic changes in the global environment for capital markets and domestic industries in recent years, including the COVID-19 pandemic, high inflation, interest-rate hikes, and rapid technological development.
3. It aims to cement consensus, securing identification among TWSE employees via their participation in the creation of the CIS and manifesting the TWSE's commitment to the development of the capital market.
The new CIS retains the diamond shape of the original one, representing inheritance of the corporate culture and solidarity among TWSE employees in will power, action, and execution for attainment of the corporate goal. It features an interconnected logo, similar to its predecessor, with a more technical and modern feel, representing the TWSE's open mindset for change, in order to pivot with challenges brought about by technological renovation and changes in the political and economic environment.
In the title for the event, "partners" represents no distance, reflecting the TWSE's wish to collaborate with domestic and overseas partners, in order to establish a complete sound, and booming capital market. Those partners include the Taipei Exchange, Taiwan Futures Exchange, Taiwan Depository & Clearing Corp., Securities and Futures Investors Protection Center, Securities and Futures Institute, Taiwan Securities Association, Securities Investment Trust and Consulting Association, Chinese National Futures Association, and intermediary agencies. As part of the effort to sustain the development of the Taiwan capital market, the TWSE has overhauled industrial categorization for listed companies and launched the Taiwan Innovation Board, in order to encourage investments in the new economy, including foreign investors which now account for 40% of the market capitalization, the highest in Asia.
On top of its effort in building an ESG ecosystem over the past years, the TWSE rolled out ESG InfoHub on July 3 and plans to launch Taiwan Carbon Solution Exchange subsequently, in order to help with attaining the target of net zero carbon emission by 2050. The TWSE also intends to intensify partnership with foreign investors, so as to further globalize the capital market.
For more information on the TWSE's internationalization initiative, please access
https://www.twse.com.tw/zh/trailblaze/index.html
For further information, please contact Ms. Chiu at 1011@twse.com.tw.
Huang Tien-Mu, the FSC chairperson, speaks at the CIS presentation ceremony.
TWSE chairman Sherman Lin speaks at the CIS presentation ceremony.
The TWSE unveils its brand-new Corporate Identification System (CIS) on July 3, 2023.