Singapore hooks Taiwan companies shunning Chinese investors
- Jul 4, 2024
- 1 min read
Taiwanese companies are increasingly targeting Singapore for investment amid rising tensions with China.
Following Taiwan's January presidential election, where pro-sovereignty candidate Lai Ching-te claimed victory, the Taiwan Stock Exchange (TWSE) led major firms, including Foxconn and Acer, to Singapore to court investors.
The TWSE partnered with the Singapore Exchange for the first time in April to host a pitch event for institutional investors. Amidst growing tensions, Singapore's appeal as a neutral venue and its status as a financial hub are drawing Taiwanese enterprises away from the Chinese market. This shift is partly due to Taiwan's ban on Chinese investment in key sectors like technology and cybersecurity.
As a result, Taiwanese companies are increasingly seeking Singaporean capital to avoid the geopolitical risks associated with China.
A second Taiwanese delegation met with investors in April at the historic Fullerton Hotel, led by the Taiwan-based Quantum International.
Article by Dylan Loh for Nikkei Asia. Read more here or in the PDF below.
Comments