Taipei Exchange

Taipei Exchange acquired ICMA full membership after the latest ICMA Membership Committee Meeting held in Zurich on 6 July 2021 at local time, became the 5th securities exchange to join ICMA in Asia, and reached a significant milestone in the internationalization of the domestic sustainable bond market.

ICMA, headquartered in Zurich, is a self-regulatory organization and trade association for participants in the capital markets with over 500 members located in more than 60 countries and aims to promote high standards of market practice, appropriate regulation, trade support, education, and communication between regulators, issuers, intermediaries, and investors. Since 2014, ICMA has successively published the Green Bond Principles (GBP), the Social Bond Principles (SBP), and the Sustainability Bond Guidelines (SBG). According to ICMA, up to 97% of green, social, and sustainability bonds issued in 2020 were aligned with these principles or guidelines, showing that ICMA principles and guidelines have become widely adopted in the international sustainable financial market. The Chief Executive of ICMA, Mr. Martin Scheck welcomes Taipei Exchange joining a dynamic international community as a full member and as an active member to-be of this community.

Taipei Exchange points out that to be in line with the international practices and attract international issuers, the domestic sustainable bond market was established in accordance with the aforementioned principles and guidelines published by ICMA. As of July 5, the amount of issuance has exceeded NT$70 billion, and the outstanding amount has reached NT$226.50 billion. Several advantages are expected after Taipei Exchange joining the ICMA membership such as increasing the visibility of the sustainable bond market in Taiwan, promoting the international standards in the domestic market, and raising the willingness of foreign issuers to participate in the market. With these advantages, Taipei Exchange hopes the market will remain robust.