Taipei Exchange Launches Pioneer Stock Board to Support Innovative Enterprises
The Taipei Exchange, TPEx, launched Pioneer Stock Board (PSB) on July 20, 2021, which welcomed its first company on July 26. Pioneer Stock Board marks the evolution of the stock market into an innovation-friendly ecosystem. It aims to facilitate entry to capital markets for more innovative enterprises.
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Taipei Exchange launches Pioneer Stock Board to support innovative enterprises (Photo: Business Wire)
At the PSB Launch Ceremony, Premier Su Tseng-chang delivered the opening speech, emphasizing the government's support. Su said, "Taiwan's capital market breaks new ground today, by establishing this board. PSB will support innovative enterprises, a key driver of economic transformation, by providing companies with quick access to capital needed for continued growth." Dr. Tien-mu Huang, Chairperson of Financial Supervisory Commission, remarked, "Innovation underpins sustainable development of the capital market. PSB will play an important role, not only by promoting innovative enterprises but also by spurring momentum in innovation across the economy." Minister of National Development Council, Mr. Kung, Ming-hsin, commented, "PSB provides innovative enterprises a new way to access capital, beyond government funding or subsidies. It enables more investors to engage at an early stage with innovative enterprises."