For subscribers
Taiwan’s ‘Asian Nasdaq’ goal a long shot, but it may not be just a pipe dream
Taiwan has massive market liquidity and an unrivalled tech ecosystem, but rigid regulations have been holding it back. Reforms are under way.
Sign up now: Get ST's newsletters delivered to your inbox
Taiwan’s stock market recently surpassed India’s to become the world’s fifth-largest.
PHOTO: EPA
TAIPEI – After queueing for more than an hour at my bank in Taipei, I am finally called up to the counter. Then, there is the paperwork.
Receiving an international wire transfer of a few hundred US dollars requires signatures on multiple paper forms, alongside a stated purpose of my funds. Exchanging the cash into Taiwan dollars then requires filling out a whole other set of physical documents.
