Taiwan stock exchange plans IPO

The Taiwan stock exchange (TSEC) is making plans for an initial public offering. Wu Rong-I, who took over the chairmanship of the exchange two months ago, told FinanceAsia that work had started on consolidating the TSEC, The Gre Tai Securities Market (otherwise known as the OTC market), The Taiwan Depositary and Clearing Corporation, and the Taiwan Futures Exchange, into one corporate entity.

A merger of the stock exchange and the futures exchange has been mooted over the past few years. "But it has been all talk and no action,” says Wu. Now the plan is to take the ...