Cablegate: Taiwan Fsc Road Shows in October 2005
This record is a partial extract of the original cable. The full text of the original cable is not available.
UNCLAS TAIPEI 003772
SIPDIS
STATE PLEASE PASS AIT/W AND USTR
STATE FOR EAP/RSP/TC, EAP/EP
USTR FOR WINTER AND WINELAND
USDOC FOR 4420/USFCS/OCEA/EAP/LDROKER
USDOC FOR 3132/USFCS/OIO/EAP/ADAVENPORT
TREASURY FOR OASIA/LMOGHTADER
TREASURY PLEASE PASS TO OCC/AMCMAHON
TREASURY ALSO PASS TO FEDERAL RESERVE/BOARD OF
GOVERNORS, AND SAN FRANCISCO FRB/TERESA CURRAN
E.O. 12958: N/A
TAGS: EINV EFIN ECON PINR TW
SUBJECT: Taiwan FSC Road Shows in October 2005
1. Taiwan's Financial Supervisory Commission (FSC) will
conduct road shows in New York and London in October 2005 to
attract foreign investors to Taiwan. Foreign investors will
be encouraged to participate in merge & acquisition (M&A),
and securities trading. The major theme of the road shows
will be focused on attracting foreign companies to list on
Taiwan's new international board that the FSC plans to
inaugurate in January 2006. The FSC has set a goal to have
20 foreign companies to list on the international board. It
particularly hopes to attract high-tech enterprises with
potential for rapid growth. The FSC will also encourage
foreign companies to issue corporate bonds in Taiwan's
market. Trading in the market will not be subject to any
capital gains tax although there is a securities transaction
tax of 0.1%.
2. The road show in New York is scheduled for October 11 -
15, and from there will go to London for another show.
Euromoney will be the show's sponsor in New York. The FSC
road show delegation will be headed by FSC Chairman Kong Jaw-
sheng and will also include:
--FSC Commissioner Chin Wen-yueh
--FSC Commissioner Lee Shyan-yuan
--FSC Commissioner Huang Hsien-hua
--FSC Secretary General Tseng Ming-chung
--FSC Department of International Affairs (DIA) Deputy
Director General Andree Lee
--DIA Section Chief James Chang
--Securities & Futures Bureau Division Chief Wang Li-chuan
--FSC Specialist Hsu Shiao-wei
--FSC Specialist Hsu Bin-chun
KEEGAN