Securities cooperation pact inked by Taiwan, India

Taiwan Securities Association signed a memorandum of understanding with Association of National Exchanges Members of India Dec. 12 in New Delhi, paving the way for greater bilateral collaboration in securities markets.

“With a population of 1.2 billion, India is an ideal choice for international firms seeking to expand their reach and diversify business risks, while Taiwan’s resilient economy makes it a perfect candidate for overseas investors,” TSA Chairman Hwang Min-juh said at the signing ceremony.

“We expect this memorandum to help our Indian partners better understand Taiwan’s financial market and the plethora of business opportunities available here.”

Under the pact, both organizations will establish an information exchange mechanism to keep each other abreast of key issues such as investor education, market trading, self-regulation and securities laws.

The pact is the 14th concluded between the TSA and its global counterparts since 2007, following those with Australia, Germany, Hong Kong, Italy, Japan, South Korea and the U.K.

Comprising 900 trading members of the National Stock Exchange of India Ltd. and Bombay Stock Exchange, the ANMI is one of India’s leading financial associations.

Meg Chang