
The Taiwan Stock Exchange (TWSE) and the Philippines Stock Exchange (PSE) have embarked on a significant partnership by signing a memorandum of understanding (MoU) designed to enhance cooperation between their respective capital markets. This move marks a strategic step towards deepening financial ties and fostering greater market integration in Asia.
Under the leadership of Vice Chair Yen-Liang Chen, the Financial Supervisory Commission (FSC) of Taiwan has prioritized positioning Taiwan as a leading asset management center in Asia. Central to this strategy is fostering robust international cooperation. The new MoU with the PSE aligns with this vision, facilitating closer connections between Taiwanese and Filipino financial markets.
Chair Sherman Lin of TWSE highlighted that the MoU establishes a solid foundation for future market connectivity. “This agreement will pave the way for a more integrated and collaborative relationship between our markets,” Lin stated.
The MoU outlines several key areas of collaboration, including product development (joint efforts to innovate and expand financial products available in both markets), market information sharing (enhanced exchange of market data and insights to improve trading strategies and market analysis) and ESG Initiatives (shared strategies and practices for integrating environmental, social, and governance considerations into market operations).
A dedicated task force will be established to oversee these areas and facilitate the exchange of expertise between the two exchanges.The MoU is part of a broader effort by the Taiwanese government to support the ‘New Southbound Policy,’ which aims to strengthen economic and trade relations with Southeast Asian nations. This policy reflects Taiwan’s commitment to expanding its regional influence and fostering economic partnerships.
Ramon Monzon, President and CEO of PSE, expressed enthusiasm about the new collaboration. “I am looking forward to a meaningful partnership between PSE and TWSE. Our discussions will lead to initiatives that benefit both markets,” Monzon said. He emphasized that the insights gained from TWSE regarding product development, technology, regulatory practices, and sustainability will be invaluable for the PSE.
The MoU sets the stage for a deepened relationship between Taiwan and the Philippines in the financial sector. By leveraging each other’s strengths, both exchanges aim to enhance their market offerings and support sustainable financial growth in the region. This partnership is expected to bring about significant advancements in capital m