FSC to crack down on offshore firms - News Summed Up

FSC to crack down on offshore firms


A Financial Supervisory Commission sign is pictured in an undated photograph in New Taipei City. “The commission has asked the Taiwan Stock Exchange to propose relevant strengthening measures,” the FSC said in the report. Taiwan’s campaign to attract investors and explore potential opportunities has seen the number of KY companies reach 110 as of the end of October — 77 on the Taiwan Stock Exchange and 33 listed on the Taipei Exchange. The Taiwan Stock Exchange once touted the listing policy as an opportunity for overseas Taiwanese businesses to consider business upgrades, channel development, long-term corporate sustainability and improve brand recognition. Meanwhile, the report said that the Taiwan Stock Exchange and the Taipei Exchange need to collect further corporate credit information and immediately grasp information that affects a company’s financial situation.


Source: Taipei Times December 06, 2020 15:56 UTC



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