TAIWAN CAPITAL MARKET FORUM: Effective use of liquidity key to development, Hsu saysBy Chen Cheng-hui / Staff reporterTaiwan’s abundant liquidity is the largest niche for the development of the local capital market, and effective use of the funds and directing them into investments would lead to the positive development of the market, Taiwan Stock Exchange (TWSE) chairman Hsu Jan-yau (許璋瑤) said at a financial forum in Taipei on Friday. Hsu told the 2020 Taiwan Capital Market Forum that the nation has ample liquidity, with NT$45 trillion (US$1.53 trillion) held by banks, NT$30 trillion by insurance companies, NT$42 trillion in the capital market and a massive sum in the social insurance system. Taiwan Stock Exchange chairman Hsu Jan-yau speaks at the 2020 Taiwan Capital Market Forum in Taipei on Friday. Photo: Liu Hsin-de, Taipei TimesForty percent of listed companies have reported rising revenues this year, and 385 of the listed companies have posted dividend yields higher than 4 percent, despite the challenging economic conditions worldwide, he said. Funds raised by all listed companies last year totaled NT$500 billion and their brand value totaled US$9.6 billion, Chien said.

Source: Taipei Times August 02, 2020 15:56 UTC