Taiwan Week Holds Second Edition, Focuses on From Tech Island to Capital Island
Taiwan's Financial Supervisory Commission has hosted Taiwan Week since last year, now in its second edition opening on November 3. This year's core theme is "From Tech Island to Capital Island," drawing top exchanges and financial institutions from the United States, Japan, the United Kingdom, Hong Kong and others to discuss global financial trends and demonstrate Taiwan's financial development ambitions.
The opening ceremony invited Nasdaq Executive Vice Chairman Edward Knight, Japan Exchange Group Tokyo Stock Exchange President Yokoyama Ryusuke, and IC design major MediaTek Vice Chairman Rick Tsai, among others, for keynote speeches. President Lai Ching-te said in his address that Taiwan is actively building an Asian asset management center to become a key hub for global asset allocation, hoping in the future to connect global capital with financial strength, support innovation, and progress and grow together with the world.
Knight: Taiwan Market Cap Fourth Globally, TSMC Near US$2 Trillion
Edward Knight said in his address that Taiwan's stock market capitalization ranks fourth globally this year, surpassing the U.K. and India. He analyzed the reasons for its success, noting Taiwan's real GDP per capita has nearly doubled over the past 15 years and grown nearly 30% since 2023, a remarkable achievement. He also noted TSMC's market capitalization is approaching US$2 trillion, making it the world's seventh-largest company and the largest non-U.S. company, which is not only a corporate success but also a national success.
Knight said Taiwan and the United States share the same values. The current financial environment faces new challenges, including debt, geopolitical uncertainty, the need for market modernization, and the yet-unrealized vision of artificial intelligence. In artificial intelligence, Taiwan is at the center of development. Reports show Taiwan's AI exposure reaches 71%, ranking first in the region. In Asia-Pacific, assets tracking the Nasdaq-100 Index have reached US$58 billion, growing 49% this year across 56 products. In response to market changes, Nasdaq is gradually extending trading hours, with the ultimate goal of 23-hour-a-day, 5-day-a-week trading, still scheduled to go live on December 6, building a trading mechanism connecting global markets including Taipei, New York and London.