The Tokyo Stock Exchange (TSE) has signed a memorandum of understanding (MOU) with Taiwan’s GreTai Securities Market to explore the potential for cross-border opportunities.
The agreement includes the looking at ways to cooperate in listings promotions and development and marketing activities to help benefit issuers in both countries.
The GreTai Securities Market was formed in 1994 and currently offers trading in equities, bonds and derivatives. It has 615 listed companies with a market capitalisation of US$56 million. At the end of April 2012, the TSE had over 2,200 listed companies with a market capitalisation of US$3.5 trillion.
"The GreTai Securities Market is a very promising market that is home to many excellent listed small and medium-sized corporations achieving rapid growth, as well as highly liquid bond trading,” said Atsushi Saito, president and CEO of the TSE. “The conclusion of this MOU strengthens the cooperative relationship between our markets and sets us toward allowing such companies from Taiwan to utilize the TSE and its professional market including ProBond market as venues for future fund-raising.”
"The GreTai Securities Market is keen in seeking growth opportunities through joining the international networks and building cooperative relationships with exchanges as well,” added Gordon Shuh Chen, GreTai chairman. “While continuing our efforts to deliver transparent, secure and efficient trading services, we are pursuing opportunities of learning and cooperation with the eminent Tokyo Stock Exchange."