Taiwan Stock Exchange
Tel : 886.2 8101 3101
Fax : 886.2 8101 3324
Chairman : Mr. Shuh-Der Lee
President : Mr. Samuel J.S. Hsu
|Types of Securities Traded||Name of Trading Systems (cash and derivatives)||Trading Hours|
|FAST (Fully Automated Securities Trading System)||Mon. - Fri. :
9:00 - 13:30
Financial Supervisory Commission (FSC) - Securities and Futures Bureau
Name of Clearing & Settlement Organization
1.TWSE is in charge of clearing;
2.The operation of cash settlement is carried out by the Central Bank of the Republic of China (Taiwan);
3.Taiwan Depository & Clearing Corporation(TDCC) is entrusted by the TWSE to handle securities settlement.
T + 2
Name of Central Securities Depository
Taiwan Depository & Clearing Corporation
Commissions on Transactions levied by Exchange
TWSE levies 0.0065% on the trading value of brokers for handing fee. As for the transaction tax, 0.3% levied from the sale of shares；currently no transaction taxes on the Commercial Bonds, Government Bonds, and Financial Bonds；and 0.1% levied from the sales of warrants. DR, beneficiary certificates, and ETF；in the case of cash settlement of warrants, 0.3% of market price levied from the holders； in the case of securities settlement of warrants, 0.3% of exercise price levied from the issuers, no transaction taxes levied on the holders.
Taxes on Dividends, Interests
As for residents, dividends are included in the consolidated income. As for non-residents, 30% withholding tax for individuals；25% withholding tax for corporate beneficiary；20% withholding tax for obtained approval in accordance with the Statute for Investment by Overseas Chinese or the Statute for Investment by Foreign Nationals.
2010 Share ownership thresholds (%)
10% (kindly refer to Securities and Exchange Act, Article 22-2 & Article 43-1)
Short selling (Yes / No)
Short selling conditions (if any)
Short selling of specific stocks (http://www.twse.com.tw/en/ > Market Info > Margin Trading & Short Sales >Securities exempted from the price restriction on SBL short selling) is exempted from the local up-trick rule, which requires short sales to take place at no lower than the previous day's closing price.
However, investors should check their brokers to see whether there is any quota available before conducting short selling.