Taiwan’s FSC approves MasterLink bid for venture capital fund
06 September 2012
News, Asia, Taiwan
Taiwan’s MasterLink Securities has received approval from the Financial Supervisory Commission (FSC) to establish its first venture capital fund and consultancy there. The move is the first time that a brokerage there has expanded into the arena.
According to a report from the Economic Daily News on Thursday (September 6), MasterLink Securities Chairman Chen Chun-Hung noted that the formation of venture capital divisions among local securities houses allows for the provision of effective consultancy services and financial support for growing enterprises. It will also help to reinvigorate the island’s IPO market, he notes.
According to statistics from the Taiwan Stock Exchange, the number of new IPO listings on the bourse stood at eight in the first seven months of the year, compared to 39 for the whole of 2011.
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