By: Wei Shu, Y.S. Tsai, Y.P. Tien, and Lillian Lin
Taipei, July 23 (CNA) The plan to extend the trading hours of Taiwan’s stock market has been temporarily shelved, since a questionnaire result shows most of the institutional investors and individual investors are against closing at 3 p.m. instead of the current 1:30 p.m, a senior official said Wednesday.
Tseng Ming-chung (曾銘宗), chairman of the Financial Supervisory Commission (FSC), briefed the press on the main points of the questionnaire, which include the transaction tax, a cross-border cooperation of trading platform, and a full opening to day trading.
He said that the questionnaire results demonstrated that the tax burden remained a major factor weakening the interest of many institutional investors to invest in Taiwan’s stock market. [FULL STORY]