Representative Hsieh attended a reception hosted by KGI Securities Group on 6 May 2013 to mark the opening of KGI Capital Singapore, which is the first Taiwanese-owned securities enterprise approved by the Monetary Authority of Singapore (MAS) to operate a brokerage house engaging in futures and options trading.
Invited to give his speech at the opening ceremony, Representative Hsieh said that he was delighted with KGI Securities Group’s presence in Singapore. On the same note, he also expressed his desire that more Singaporean-owned businesses would leverage on Taiwan’s manpower talents, high-tech capability and the country’s favourable policies for financial industry development to invest in Taiwan.
Representative Hsieh also highlighted Taiwan’s setting up of Free Economic Pilot Zone (FEPZ) as an initiative to expedite Taiwan’s economic liberalization and industrial productivity. Each FEPZ established will relax regulations to ease the flows of goods, people and capital as well as offer incentives on land use and favourable rental prices to attract investments from both within the country and abroad. The FEPZ(s) will prioritize development in focus areas such as intelligent logistics, international medical services, valued added agriculture and industrial co-operation. As Singapore and Taiwan are currently negotiating the ASTEP economic partnership agreement, Representative Hsieh visualized that it would open up more avenues for collaboration between industries of both countries once the agreement is concluded.
About 100 attendees were present at the opening reception. Key personnel included Mr Magnus Bocker, Chief Executive Officer of Singapore Exchange, Mr Mark Wei, Chairman of KGI Securities Company Limited, Taiwan as well as representatives from the securities and financial industries.
