The Supervision of Secondary Listed Companies and Investor Protection in Taiwan

• Main Author: 陳韋伶
• Other Authors: 劉連煜
• Format: Others
• Language: zh-TW
• Online Access: http://ndltd.ncl.edu.tw/handle/79754586363087134100

碩士 === 國立政治大學 === 法律學研究所 === 101 === To advance the competitiveness and internationalization of Taiwan’s capital market, in march 2008, the Executive Yuan passed the plan for promoting foreign companies to list in Taiwan, and announced officially that welcome the foreign companies to issue TDR. At first, TDR was highly thought of by the investors, however, the TDR’s problem comes up, such as the intransparency of information and information asymmetry. The situation led investors hang back. Obviously the regulation of TDR needs to be improved. This thesis introduced the structure of issuing TDR and recent developments, and analyzed the regulation of NYSE, HKEx and SGX to provide suggestions for Taiwan’s capital market. At the present time, the market for TDR is not lively, but there are still advantages of our capital market, the authorities should modify the regulation of TDR to attract foreign companies, meanwhile, to take both internationalization of capital market and investor protection into consideration, so that allow Taiwan’s capital market in connection with international capital market.