Embracing New Opportunities in Financial Liberalization: Cathay Securities Goes All Out

(Taiwan Business News) In recent years, the government has actively promoted new financial policies, focusing on financial services in free economic demonstration zones, opening up securities firms to operate international securities business branches (OSU), and promulgating foreign exchange management measures for securities firms; a new era of finance has thus begun. For Taiwan's securities industry, this is both a challenge and the beginning of facing off directly in the international market! The Financial Supervisory Commission stated that opening up securities firms to establish international securities business branches (OSU) and banks' offshore banking units (OBU) to handle financial business, and switching to a "negative list" for the scope of products, are both important opening-up measures for the financial industry in free economic demonstration zones and important milestones in the development of Taiwan's financial business.

In March of this year, the first wave of securities firms approved by the government to handle international securities business included twelve securities firms such as Cathay Securities. Among them, Cathay Securities is expected to launch international securities business in August of this year, initially focusing on brokerage business under a sub-brokerage structure as its development axis, connecting with business opportunities in international securities business development, and building an overseas product supply platform. It looks forward to successfully transforming the securities firm's business model from a traditional business type into a diversified asset allocation service model, helping to increase multi-faceted sources of revenue; in underwriting business, it will comply with the regulations of the competent authority, establish relevant mechanisms, and aim to seek international IPO underwriting cooperation cases.

In the development of international financial business, Cathay Securities is a rising star. During this period, it has actively built up its strength and completed the integrated establishment of the three key elements of products, platforms, and talent. Relying on the team's market sensitivity and financial expertise, it has once again found opportunities for innovative growth in a red ocean. Cathay Securities launched its sub-brokerage business in August of 2012, formally entering the new field of international finance, and immediately achieved break-even within one year of opening. In the first quarter of this year, the transaction amount of entrusted trading of foreign securities reached 14.6 billion Taiwan dollars, rising to fifth place among domestic securities firms.