Taiwan bond investors want more government action

Taiwanese participants in FinanceAsia''s local currency bond poll 2001 are unimpressed with the government''s contribution to developing the local bond market.

Rob Davies

September 11, 2001

Judging by the feelings of Taiwanese investors who participated in FinanceAsia's local currency bond poll, the government needs to do more than just talk a good game when it comes to the debt market.

For example, on numerous occasions in the past year cabinet officials have said that the 0.1% transaction tax imposed on corporate bonds would be scrapped in the near future, but this still has not been passed into legislation.

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