20 June 2019

Taiwan mulls measures to shore up stock market, paper says

Taiwan will roll out three measures early next year to shore up the prospects of the local stock market, Economic Daily News reported Thursday, citing Tseng Ming-chung, chairman of the island’s Financial Supervisory Commission. The measures include allowing day trade from January 6 — a move that is expected to boost trading volume by 5-10 percent — as well as cancelling the current rule on IPO shares’ face value of NT$10 (33 US cents), the report said. In another initiative, authorities will launch the Go Incubation Board for Startup and Acceleration Firms (GISA), it said.

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