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Taiwan Stock Exchange launches 2024 overseas tour to attract global capital: Europe trip targets heavyweight investor institutions

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LONDON, Feb. 26, 2024 /PRNewswire/ — The Taiwanese stock market showed robust performance in 2023, marked by significant turnover volume surges and price gains. Foreign investors notably reversed three consecutive years of net selling, recording net buying of over TWD 275.4 billion (USD 8.7 billion). On a mission to expand international funding sources in 2024, the Taiwan Stock Exchange (the “TWSE”) is expected to visit more than a dozen prominent institutional investors in Europe in March to further strengthen international investor relations.

Thanks to its solid fundamentals, good corporate governance, and the investment trend in artificial intelligence (AI), the TAIEX, the market value weighted index on the TWSE, rose by 26.8% in 2023, outperforming major international stock markets in the US and Europe. Its average daily turnover increased by 16.1% to TWD 281.2 billion (USD 8.9 billion), with its total market capitalization reaching TWD 56.84 trillion (USD 1.8 trillion).

Taiwan stocks continued to shine at the start of the Year of the Dragon, propelled by the robust fundamentals. Both the TAIEX and market capitalization reached record-highs consistently since the market resumed trading on February 15, after the Lunar New Year holidays. On February 26, the TAIEX reached the highest closing level so far at 18,948.05 and the total market capitalization soared to TWD 60.21 trillion (USD 1.9 trillion).

Although 2023 was a challenging year for Initial Public Offerings (IPOs) in most international markets, the TWSE continued to enhance the domestic financing environment, expand its exposure to the capital market, and actively encourage companies to list on the board. The TWSE attracted a record-high of 42 companies to apply for listing in 2023, the highest in the past decade. These efforts resulted in IPO companies raising a record total capital of TWD 33.76 billion (USD 1.07 billion).

The Taiwan stock market surged in 2023, driven by an unprecedented level of participation by domestic investors. Additionally, international funds turned their selling from 2019 to 2022 to a net buying of TWD 275.4 billion (USD 8.7 billion) last year. Market sentiments were bullish as the US Federal Reserve (the “Fed”) was expected to end its rate hike cycle, and the TWSE also demonstrated its appeal to international investors through various overseas roadshows, including visits to the US, Japan, and Singapore. From the start of 2024 through February 26, foreign investors continued their net buying at TWD 123.58 billion (USD 3.9 billion).

Foreign capital plays a decisive role in Taiwan stocks. According to the TWSE, as at the end of 2023, foreign capital from the UK and Europe accounted for more than 37% of the market value of Taiwan stocks, becoming a main source of international funds.

To underscore its commitment to deepening cooperation with European market participants and forging deeper relationships with investors, Chen-Shan Chang, Director-General of the Securities and Futures Bureau of the Financial Supervisory Commission, Taiwan’s capital markets regulatory body, and Sherman Lin, Chairman and CEO of the TWSE, will lead a delegation to Europe in early March. The team will visit key stakeholders, including more than a dozen prominent institutions such as stock exchanges, clearing houses, custodian banks, index companies, institutional investors with substantial holdings in Taiwan stocks, potential large investment institutions, major asset management companies, and financial service institutions.

The TWSE will arrange one-on-one meetings with institutional investors and financial market infrastructures in London, Luxembourg and Frankfurt, in order to provide updates on key information regarding the Taiwan securities market, highlighting the advantages and development prospects within the Taiwan stock market. The officials will address all questions and concerns to boost investor confidence and seek advice from the investors. Additionally, they will exchange ideas and explore potential cooperation opportunities with prominent European institutions.

“The TWSE will embark on a visit to London, marking the first such visit in seven years,” said Sherman Lin. “During the trip, the TWSE will also conduct in-person exchange activities with major European exchanges, such as London and Frankfurt, for the first time. The highly anticipated trip is of great significance to both sides and is expected to yield exciting outcomes.”

The TWSE also plans to hold an investment seminar in London, offering investors an efficient way to understand Taiwan’s capital market. This seminar will provide international investors with a valuable opportunity to delve into Taiwan’s booming financial ecosystem, exploring dynamic developments, innovative sectors and promising investment opportunities.

Overall, the TWSE’s visit aims to forge connections with prominent institutional investors and major European exchanges, showcasing the enormous opportunities of Taiwan’s capital market. It underscores Taiwan’s ongoing commitments to actively deepen international investor relations and promote securities investment measures for enhanced international cooperation.

About TWSE

The Taiwan Stock Exchange (the “TWSE”) started operations on February 9, 1962. The TWSE is responsible for operating and advancing Taiwan securities market. The TWSE’s primary business operations include listing, trading, settlement and surveillance. These comprise listing promotion and review, post-listing supervision and corporate governance, maintaining market trading and order, securities firms’ services, investor protection, clearing and settlement operations, safeguarding against market defaults and the monitoring of illegal transactions. The Exchange provides comprehensive services to the stock market.

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SUNMI Deepens Eurasia Partnership at the Belt and Road Summit

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September 13, 2026

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HONG KONG, Sept. 13, 2026 /PRNewswire/ — SUNMI Technology (06810.HK) announced on September 10, separate cooperation agreements with Türkiye-based fintech company TOKEN and Mongolia-based digital bank M bank at the 11th Belt and Road Summit in Hong Kong.

The agreements will bring together SUNMI’s commercial IoT and digital commerce capabilities with the partners’ local expertise, advancing collaboration across digital commerce, smart devices, payments, and digital financial services.

In Türkiye, SUNMI and TOKEN will explore digital commerce solutions for banks and offline merchants, combining SUNMI’s commercial IoT capabilities with TOKEN’s payment technology and local market expertise.

In Mongolia, SUNMI and M bank will combine commercial devices, digital technology and digital financial services to explore new digital solutions for small and medium-sized businesses.

“Hong Kong is a vital gateway connecting China with global markets,” said Sam, CMO of SUNMI. “Our collaboration with TOKEN and M bank brings SUNMI’s technology together with strong local partners. We look forward to working with more partners across Eurasia to make digitalization more accessible to businesses in every market.”

The agreements mark another step in SUNMI’s global ecosystem strategy. SUNMI will continue to work with local partners to connect smart devices, business software, payments and digital services, developing solutions that meet the needs of offline businesses in local markets.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/sunmi-deepens-eurasia-partnership-at-the-belt-and-road-summit-302876990.html

SOURCE SUNMI Technology

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PwC US and PwC India Form Joint Venture to Help Clients Grow and Compete at Greater Speed and Scale

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September 13, 2026

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Strategic combination brings together the breadth of PwC’s advisory talent and capabilities across India and the US into a single, integrated platform for global clients

NEW YORK, Sept. 13, 2026 /PRNewswire/ — PwC US and PwC India today announced a joint venture that brings together the full breadth of their advisory talent and capabilities across India and the US — uniting PwC India’s Consulting business and PwC US Advisory’s India-based capabilities into a single, integrated platform to serve clients in India, the US, and around the world. 

India is increasingly central to how global companies grow and operate — as a significant and fast-growing market, a hub for Global Capability Centers, and a source of world-class talent and innovation. At the same time, clients are looking for deeper expertise, greater scale, and more seamless access to capabilities across markets. Rather than adding capacity in one place, the joint venture connects market relationships, industry expertise, and delivery into one team — so clients can access the right capabilities, wherever they sit. 

“The firms that win will be the ones that stop thinking about markets, capabilities, and delivery as separate pieces. That’s what makes this combination so powerful,” said Paul Griggs, PwC US Senior Partner and CEO. “We’re bringing the full breadth of our advisory talent in India together with PwC US — one team with the relationships, expertise, and scale to deliver for our clients and the PwC network. This isn’t about where work gets done. It’s about building something clients can’t get anywhere else: the best of PwC, brought together around their biggest opportunities, wherever they operate.” 

The combined platform spans the full spectrum of client needs — from strategy and transformation through technology, engineering, and AI. It brings together managed services at greater scale, expanding PwC’s ability to advise clients and to operate critical parts of their businesses. The platform is expected to more seamlessly support US-headquartered enterprises with Global Capability Centers in India, strengthen how PwC serves clients across major global trade flows, and create a stronger foundation for innovation as AI continues to reshape how work is delivered. 

The joint venture also advances PwC’s broader ambition to build a more globally integrated consulting model, giving PwC firms around the world greater access to the combined talent and expertise of the new platform. 

“Throughout our more than 150 years’ history in the country, we have been committed to the growth of India. Our Vision 2030 aligns our commitment to building a Viksit Bharat, and this joint venture is a step in that direction. For PwC India, this is a testimony to the tremendous journey of growth that we have been on over the last five years and our position of strength in the network. It is a matter of great pride for us that PwC India now has an opportunity to play a greater role in the success of our Global Network,” said Sanjeev Krishan, Chairperson of PwC India and the incoming CEO of the new joint venture. “This brings together strengths that used to sit in different places, allowing us to better serve clients across the world by combining the might of PwC’s global consulting capabilities with the best talent from India. It means our domestic clients gain access to best-in-class global capabilities, our multinational and GCC clients are served more seamlessly, and the capability and client perimeter for our partners and people go up, so they can take on a greater ambition than what we envisioned in Vision 2030. It also enables us to make greater investments in our people and in the value we can create for clients — in India and everywhere in the world they operate.” 

The signing marks an important milestone and the beginning of the next phase. The transaction is expected to close in the first half of calendar year 2027, subject to closing conditions and regulatory approvals. Until then, PwC US and PwC India will continue to serve clients through their existing structures and ways of working. The financial terms of the agreement were not disclosed. The joint venture will be owned and governed by PwC US and PwC India. 

About PwC 

At PwC, we help clients build trust and reinvent so they can turn complexity into competitive advantage. We’re a tech-forward, people-empowered network with more than 364,000 people in 136 countries and 137 territories. Across audit and assurance, tax and legal, deals and consulting, we help clients build, accelerate, and sustain momentum. Find out more at www.pwc.com. 

Contact

Ryan Cangialosi
ryan.a.cangialosi@pwc.com

Ruchi Mann
ruchi.mann@pwc.com 

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SOURCE PwC

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Hyundai Motor Group Accelerates Autonomous Driving Innovation with AI-Powered Data Flywheel

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14 hours ago

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September 13, 2026

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Hyundai Motor Group hosts “HMG Autonomous Driving Media Day”, outlining its roadmap for the next era of autonomous driving; first showcase of Level 2++ technologyDual-Track strategy accelerates Level 2+ production through NVIDIA collaboration while internalizing key autonomous driving technologies through proprietary Atria AI
…NVIDIA solutions-based Level 2+ production targeted for the H1 2028 and Level 2++ in H2 2028, followed by Atria AI-powered Level 2++ vehicles in H2 2029
…Progressive sensor standardization across Hyundai Motor, Kia, 42dot and Motional brings together autonomous driving capabilities across the GroupData Flywheel strategy establishes a virtuous cycle of data collection, training, validation and deployment to continuously advance AI capabilities
…Expands the Group’s data ecosystem by leveraging its annual sales of 7 million vehicles and Data Union framework, while implementing a data-centric development framework based on hard example mining, continuous training and SER
…Real-world Level 4 pilot to launch in Gwangju by year-end in partnership with Korea’s Ministry of Land, Infrastructure and Transport to secure large-scale validation data42dot shares Vision-Language-Action (VLA)-based autonomous driving technology that integrates visual information and language-based reasoning to guide driving decisions
…VLA research focuses on addressing edge cases, while parallel development of end-to-end (E2E) autonomy and VLA models enhances technical stability and scalability
…VLA model validation currently underway, with on-road testing and the full development process scheduled to run through early next yearNew Atria AI urban driving videos — an executive ride-along, one-take footage, and edge-case handling — are live on the Group’s YouTube channel

SEOUL, South Korea, Sept. 12, 2026 /PRNewswire/ — Hyundai Motor Group (the Group) announced that it has put its Data Flywheel into full operation, marking a new phase in its autonomous driving technology strategy. The system creates a virtuous cycle of data collection, AI training, validation and deployment to secure a competitive advantage through accelerated learning and technology development.

During the Group’s “HMG Autonomous Driving Media Day” at 42dot headquarters in Gyeonggi Province, Korea, the Group presented its autonomous driving development strategy, technology roadmap, key achievements and implementation plans. The presentation underscored the Group’s strategic positioning in the global autonomous driving technology competition and detailed how integrated data and AI systems form the foundation for next-generation vehicle technology.

At the event, the Group identified the Data Flywheel as a key element of its autonomous driving competitiveness and shared the operational framework and execution strategy that transforms large-scale real-world driving data into continuous technology improvements.

42dot also introduced key technologies and the development progress for the Group’s proprietary autonomous driving artificial intelligence, Atria AI, while outlining the background and future plans for its Vision-Language-Action (VLA) technology development initiative.

In line with the event, the Group unveiled footage of an Atria AI-equipped SDV Testbed navigating complex urban traffic without driver intervention. Operating at a Level 2++ capability, the autonomous driving system showcased in the footage illustrates how the Data Flywheel is enabling a continuous cycle of learning, validation and performance improvement. The footage is available on the Group’s official YouTube channel.

“Autonomous driving competition is no longer about comparing specific features. Competitiveness is determined by how much data you secure, how quickly you learn and how effectively you can reflect those results in actual products and services. At its core, autonomous driving competitiveness comes down to having systems that enable continuous, rapid learning. Hyundai Motor Group will develop autonomous driving technology that customers can trust, based on a virtuous cycle of data, AI and validation. Our goal is to ensure the safety and quality levels customers can trust while we learn and improve rapidly.” – Minwoo Park, President and Head of Advanced Vehicle Platform (AVP) Division at Hyundai Motor Group and CEO of 42dot

About Hyundai Motor Group

More information about Hyundai Motor Group can be found at: http://www.hyundaimotorgroup.com or Newsroom: Media Hub by Hyundai, Kia Global Newsroom, Genesis Newsroom

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SOURCE Hyundai Motor Group

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