TAIPEI, Jan. 7, 2025 /PRNewswire/ -- The Taiwan Stock Exchange (TWSE) has unveiled its upgraded Innovation Board (Taiwan Innovation Board, TIB) on January 6, 2025, removing restrictions on qualified investors and opening the market to retail investors. This significant reform aims to boost market liquidity, increase accessibility, and position Taiwan as a regional leader in innovation and investment, establishing the TIB as Asia's premier platform for startups and emerging industries.
Initially launched in July 2021, the Innovation Board was limited to qualified investors, such as institutional investors and entities with substantial trading experience and financial assets. The new framework removes these barriers, expanding access to Taiwan's 13 million account holders, up from the original 300,000 qualified investors.
"The removal of the qualified investor restriction will not only boost liquidity but also enhance company valuations," said Sherman Lin, Chairman and CEO of the TWSE.
Taiwan's capital market reached a historic milestone in 2024, soaring by over 28%, making it the best-performing stock market in Asia and the second-best globally, trailing only the NASDAQ in the United States. Lin emphasized that the TWSE will focus on "technology" and "innovation" as the dual pillars driving its future growth, with the goal of transforming Taiwan into a smart technology island.
The introduction of the Innovation Board 2.0 is a pivotal move, positioning Taiwan as a premier destination for innovative enterprises across Asia. "This initiative is expected to attract cutting-edge companies and foster an environment conducive to technological advancements and economic growth," said Lin.
Looking ahead, the TWSE plans to strengthen collaboration within domestic innovation ecosystems while targeting international markets such as Japan, Singapore, Malaysia, and Vietnam to attract startups and growth-stage companies to list in Taiwan.
"The Innovation Board 2.0 not only helps retain Taiwanese startups considering overseas listings but also aims to attract Asia's new economy companies, solidifying Taiwan's position as a regional leader in innovation and investment," Lin added.
Since its inception, the TIB has supported over 20 innovative companies with core technologies or unique business models in accessing capital markets for fundraising, underscoring its critical role in fostering innovation and growth.
Empowering Emerging Industries Across Asia
The inauguration event of the "TIB Innovation Spotlight" on January 6 attracted over 250 representatives from 200 companies, intermediaries, and venture capital firms. Lin emphasized the board's significance: "The Innovation Board will drive the growth of emerging industries and provide exceptional opportunities for Asian startups to succeed in Taiwan."
Dr. Yen-Liang Chen, Vice Chairman of Taiwan's Financial Supervisory Commission (FSC), echoed this sentiment: "This move will allow investors to better understand emerging and innovative companies, thereby contributing to Taiwan's goal of becoming Asian Asset Management Center."
The transformation of the TIB has garnered strong support from Taiwan's venture capital community. Andy TC Chiu, Chairman of the Taiwan Venture Capital Association, noted: "These changes provide startups with better funding opportunities while stimulating growth and innovation across sectors. Taiwan is positioning itself as Asia's leading hub for technological advancement."
Julian Liu, Chairman of the Securities Investment Trust & Consulting Association (SITCA) in Taiwan, underscored the vital role of investment trust institutions in offering essential support. He expressed optimism that the expansion of mutual funds and ETFs would generate a virtuous cycle, promoting diverse collaborations within the capital market and driving success.
Event Highlights
The event commenced with a keynote address by Chin-Ho Hsieh, President of Wealth Magazine and Business Today Magazine. Hsieh praised the new Innovation Board, highlighting its four key features: high liquidity, friendly entry thresholds for emerging industries, a focus on innovation capability and growth potential, and full disclosure of operational information, hoping it will continue to excel and drive meaningful progress.
A notable highlight was the panel discussion titled "Showcasing Innovation Board Companies," moderated by Cheng-Hua Lu, Secretary-General of the Chinese National Federation of Industries (CNFI). The panel featured Jackie Cheng, Co-Founder and Chairman of Gogolook Co., Ltd., and Dr. Yun-Li Li, CEO of PlayNitride Inc. The discussion delved into their entrepreneurial journeys, strategies for accessing capital markets, international expansion plans, and the impact of the Innovation Board's new framework.
Advancing Taiwan's Capital Market
A skit at the event showcased the significant upgrades to the Innovation Board and detailed TWSE's initiatives to develop a robust, investor-friendly capital market in collaboration with the Taiwan Index Plus Corporation and the Taiwan Carbon Solution Exchange. To enhance liquidity and engage investors, TWSE introduced initiatives, including market-making rewards for proprietary traders, broker-led education campaigns, and a lottery program for retail investors.
As the TWSE expands its international outreach in 2025, the Innovation Board is set to become Asia's premier platform for startups and emerging industries, fostering growth, investment, and innovation across the region.
About TWSE
The Taiwan Stock Exchange (TWSE) commenced operations on February 9, 1962. The TWSE is tasked with operating and advancing Taiwan's securities market. Its primary business operations encompass listing, trading, settlement, and surveillance. These activities include listing promotion and review, post-listing supervision, corporate governance, maintaining market order, providing services to securities firms, investor protection, clearing and settlement operations, safeguarding against market defaults, and monitoring illegal transactions. The Exchange offers comprehensive services to the stock market.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
TWSE Transforms Innovation Board into Asia's Premier Startup Platform
TWSE Transforms Innovation Board into Asia's Premier Startup Platform
QINGDAO, China, Jan. 8, 2025 /PRNewswire/ -- Hisense, a leading brand in global consumer electronics and home appliances, unveiled the latest in AI-based technological innovation at its "AI Your Life" themed booth at CES 2025, captivating audiences with a suite of premium products and groundbreaking technologies, including 116-inch TriChroma LED TV, MicroLED Display and Laser TV innovations, along with a wide-range of AI-enabled smart home appliances and advanced applications in automotive, commercial displays, healthcare and energy systems.
Hisense highlighted its innovation delivering the ultimate in cinematic-level home entertainment experiences with its extensive range of TVs, across a host of screen sizes offering the ultimate in vivid, realistic picture quality, ultra-smooth motion control and crystal-clear audio.
Revolutionizing Display Technology
Leading Hisense's display advancements is the 116-inch TriChroma LED TV, featuring cutting-edge RGB Local Dimming Display Technology. Powered by Hisense's Hi-View AI Engine X, the TV optimizes every frame with AI-driven features including AI Peak Brightness, AI RGB Local Dimming, AI Clear Voice and AI Banding Smoother, ensuring dynamic contrast, brightness, and color adjustments in real-time for vivid, lifelike visuals along with high-clarity audio.
The world's first consumer-ready 136-inch MicroLED Display marks a major milestone in accessible, cutting-edge display technology. Featuring over 24.88 million self-emissive LEDs, this TV offers incredible clarity and color precision.
Pioneering the future with Hisense AI
The latest in AI-powered TVs include the U7 and U8 TV series, enabled by the Hisense Hi-View Engine Pro optimizing the audio-visual experience with real-time frame-level analysis, handling complex functions such as 4K upscaling and color enhancements. The pinnacle of the ULED line-up is the U9 Series, powered by the flagship Hi-View Engine X.
AI-enabled TV content was also a feature, with Hisense content partner the VIDAA global Smart TV platform. Delivering AI-powered recommendations tailored to personal preferences, VIDAA delivers user rich and diverse entertainment and gaming experiences.
Designing for a truly immersive and healthy experience
Demonstrating Laser TV technology pushing the boundaries of big-screen entertainment, Hisense showcased its innovative large-screen displays and gaming-enhancing partnerships with Designed for Xbox products. The Hisense Gaming Laser Cinema products set new standards for immersive gaming. Designed for Xbox, the PX3-PRO Laser Cinema and C2 Ultra 4K Laser Mini Projector models also elevate gaming and movie experiences with a super-large projection size and perfect visuals by Dolby Vision and IMAX Enhanced.
Also featured was Hisense Compact Laser TV, offering hassle-free transportation and installation in an ultra compact design delivering unparalleled picture quality, with cutting-edge TriChroma laser technology delivering vivid colors and sharp details for a truly immersive viewing experience. The latest Rollable Laser TV offers a single unit combination of projector and screen, completing a comprehensive range providing a Laser TV option for every lifestyle.
Hisense continues to lead in eye care with TÜV Rheinland Low Blue Light certification across its major TV lineup, while its premium models also receive Flicker-Free certification. The PX3-PRO Laser Cinema and C2 Ultra 4K Laser Mini Projector take this further by featuring higher technical specification Statements verified by TÜV Rheinland including: 0% ratio of harmful blue light (415-455 nm), wide color gamut (110% of BT.2020 and 151% of DCI-P3), and barely noticeable color differences (ΔE2000＜0.9 of sRGB) . These advanced models provide customers with a visually stunning and healthier viewing experience.
Smart Living Powered by AI
The Hisense booth also provided a vision of the smart home of the future today, demonstrating groundbreaking AI-driven innovation powered by the ConnectLife platform connecting and controlling all smart domestic Hisense devices.
On show was the Hisense Washer-Dryer 7S series bringing AI to the laundry room. Offering seamless integration with the ConnectLife app for remote monitoring and control, the washer-dryer combines sleek design with AI-enabled cutting-edge technology.
Hisense also introduced the ConnectLife-enabled BCD-780W Refrigerator with AI-powered features, including food inventory management, expiration reminders, recipe recommendations, voice control, and personalized recipe suggestions.
The Hisense Uni Series Air Conditioner kept visitors cool, combining cutting-edge AI Smart technology with convenient user-centric design. Powered by the Smart Eye and TMS Control System, the unit adjusts temperature, humidity, wind speed, and direction for optimal comfort.
Hisense has partnered with Microsoft to leverage Azure OpenAI Service and Azure AI Foundry Service to develop exceptional AI-driven user-experiences. These currently include the Dish Designer AI recipe assistant on its ConnectLife smart-living platform and integrated AI plot discussions and fuzzy search within the Hisense VIDAA OS TV system. The collaboration demonstrates Hisense's innovative spirit and technological advancement in delivering unparalleled experiences and user value.
Hisense is reshaping what's possible across all areas of modern life. From pushing the future of display technology, driving immersive entertainment experiences to creating seamless AI technology that quietly works behind the scenes, Hisense is committed to improving how people live, connect, and enjoy the moments that matter most. The innovations featured at Hisense's CES 2025 booth are designed to elevate the home entertainment experience even further, delivering on its promise of innovation that makes life better.
About Hisense
Hisense is a leading global home appliance and consumer electronics brand. According to Omdia, Hisense ranked No. 2 globally for total TV shipments and No. 1 in 100''+ TVs. The company has rapidly expanded to operate in more than 160 countries and specializes in multi-media goods, home appliances, and intelligent IT information.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Hisense Transforms the Future of Home Entertainment and Smart Living with AI-powered Innovation at CES 2025
Hisense Transforms the Future of Home Entertainment and Smart Living with AI-powered Innovation at CES 2025
Hisense Transforms the Future of Home Entertainment and Smart Living with AI-powered Innovation at CES 2025
Hisense Transforms the Future of Home Entertainment and Smart Living with AI-powered Innovation at CES 2025
Hisense Transforms the Future of Home Entertainment and Smart Living with AI-powered Innovation at CES 2025
