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    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/152738


    Title: 以基富通的成功案例探討債券平台於台灣發展的可行性
    Feasibility Assessment of Bond Platform in Taiwan : The Case Study of FundRich Securities
    Authors: 黃雅珠
    Huang, Ya-Chu
    Contributors: 郭維裕
    Kuo, Wei-Yu
    黃雅珠
    Huang, Ya-Chu
    Keywords: 基富通
    海外債
    線上交易平台
    保管銀行
    FundRich
    Foreign bonds
    Online trading platform
    Custodian
    Date: 2024
    Issue Date: 2024-08-05 13:45:43 (UTC+8)
    Abstract: 
    This thesis aims to explore the feasibility of trading foreign bonds via FundRich Securities, a mutual fund trading platform. In recent years, the number of account openings at FundRich Securities has gradually increased, and the trading volume and assets under management (AUM) of onshore and offshore funds have also continued to grow, showing that Taiwanese people frequently use online trading platforms for their investments.
    Since 2022, the US Federal Reserve has raised interest rates several times to fight against inflation, and the yield of government bonds has also climbed to a peak as interest rates increase, the global market expects that the Fed will cut the interest rate if inflation and economic indicators warranted it, and this move means that the yield of the investment in bonds will go down. Therefore, many players in the financial industry encourage investors to buy bonds before rate cut to lock the yield.
    On the wave of foreign bond trading, I would like to explore the feasibility of trading foreign bonds via FundRich Securities and compare it with market participants, as well as consider the capacity of business expansion and the pros and cons of connecting with TDCC as a custodian.
    Reference: 「我國外幣債券市場之發展與展望」,財團法人台北外匯市場發展基金會委託研究報告,受委託者:國立政治大學,研究主持人:謝淑貞教授,協同主持人:江彌修教授、胡昌國助理教授,中華民國108年3月
    「我國證券商債券部位透過通路銷售並支付通路服務費之可行性及適法性研究」,中華民國證券商業同業公會委託專題研究,計畫主持人:侯介澤,協同主持人:林金龍,研究人員:李同龢,中華民國107年6月
    「研議集保結算所未來從事金流業務之可行性及發展方向」,臺灣集中保管結算所股份有限公司(2015),召集人:曹素燕,研究人員:王銘祥、簡易賜、陳泰華、姜志堅、呂俊寬、曲華葳、王資元,中華民國104年12月
    「探討如何提升我國保管機構之國際化及檢討法規配套之修訂」,財團法人中華民國證券暨期貨市場發展基金會,計畫主持人:王儷玲,研究人員:陳莉貞、徐宏鈞、林聖傑,中華民國110年9月
    「臺灣集中保管結算所提供跨國保管及款券交割服務之探討」,臺灣集中保管結算所股份有限公司,召集人:陳少燕,研究人員:簡易賜、陳泰華、魏秀玲、尤君行、周業熙、張惠婷、林上婷、姜志堅、汪欣鵲,中華民國100年12月
    中華民國證券投資信託暨顧問商業同業公會Securities Investment Trust & Consulting Advisory Association (SITCA) https://www.sitca.org.tw/index_pc.aspx
    中華民國證券商業同業公會Taiwan Securities Association https://en.twsa.org.tw
    台灣集中保管結算所 Taiwan Depository and Clearing Corporation (TDCC) https://www.tdcc.com.tw
    券商複委託投資海外股債 集保可做保管行、挑大樑https://money.udn.com/money/story/5613/7826828?from=edn_subcatelist_cate
    高資產客瘋海外債 交易爆量 去年複委託大幅成長11.7倍,銀行大開交易門戶,競搶這波投資商機 https://www.ctee.com.tw/news/20240224700031-439901
    基富通 FundRich Securities, Financial report of FundRich Securities, FY2016 to FY 2023, https://www.fundrich.com.tw/2022OfficialWeb/home
    第一銀行信託2.0再下一城 攜手湊伙「債券團購平台」達成3檔團購 https://www.firstbank.com.tw/sites/fcb/touch/zh_TW/1565690624759
    湊伙投資Joinvest Co., Ltd. official website: https://www.joinvest.com.tw/
    BondbloX official website: https://www.bondblox.com/
    Bondsupermart official website: https://www.bondsupermart.com/bsm/home
    Cathay Securities – official website of small denominations bond trading app: https://www.cathaysec.com.tw/exclude_al/smal_bond.aspx
    Citi to Become First Digital Custodian on BondbloX Bond Exchange https://www.citigroup.com/global/news/press-release/2023/citi-to-become-first-digital-custodian-on-bondblox-bond-exchange
    Clearstream Factsheet: https://www.clearstream.com/resource/blob/1313350/022c917eb1fbcd3a991fddf530408654/clearstreamsnapshot-data.pdf
    Cross-border Deposit and Settlement of Korea Securities Depository (KSD) https://www.ksd.or.kr/en/across-borders/cross-border-transactions/cross-border-deposit-and-settlement
    CTBC Securities - official website of foreign bond trading: https://www.ctbcsec.com/2020/_event/foreign_bond/index.html
    Default, Transition, and Recovery: 2023 Annual Global Corporate Default And Rating Transition Study: https://www.spglobal.com/ratings/en/research/articles/240328-default-transition-and-recovery-2023-annual-global-corporate-default-and-rating-transition-study-13047827
    Euroclear Factsheet: https://www.euroclear.com/content/dam/euroclear/Credentials/Euroclear-Credentials.pdf
    Financial Inclusion website of FSC: https://www.fsc.gov.tw/en/home.jsp?id=230&parentpath=0,4
    Fubon Securities official website: https://www.fbs.com.tw/Home/Index
    Introduction of Depositary Receipts: https://www.smpg.info/fileadmin/documents/3_Settlement%20and%20Reconciliation%20WG/A_Final%20Global%20Market%20Practices/SMPG_MP_SR_Depository_Receipts.pdf
    Regulation related to a service fee: https://law.moj.gov.tw/ENG/LawClass/LawAll.aspx?pcode=G0380204
    Regulation related to a trailer fee: https://www.selaw.com.tw/SFIWebSeLaw/Chinese/RegulatoryInformationResult/Article?__RequestVerificationToken=CfDJ8NlUpwR1d9lKo5uiSM8ZBKfnXiLO0Osngq3FR2q_4dFyUMLfiNYdW06bicTYYgT4h7wXFs-6o_XruaTIA2WWKxLkuYbM1MrKGNyy8wV5ugUF1_pRCWYmxSwTLouKObquwyg5vvI-xbUiTstGrkzzB9w&lawId=292282
    Regulations Governing Securities Firms Accepting Orders to Trade Foreign Securities: https://law.moj.gov.tw/ENG/LawClass/LawAll.aspx?pcode=G0400025
    Description: 碩士
    國立政治大學
    國際經營管理英語碩士學位學程(IMBA)
    109933026
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0109933026
    Data Type: thesis
    Appears in Collections:[國際經營管理英語碩士學程IMBA] 學位論文

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