Taiwan FSC Road Shows in October 2005

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