Taiwan leader Tsai Ing-wen recently delivered her last New Year's Day speech in office, and claimed that the Taiwan stock index was 8,131 points on the day she first took office. By the time it was closed on December 31 last year, it had risen to 17,930 points, surpassing Hong Kong's Hang Seng Index. Regarding this, Chen Huiwen, a senior Taiwanese media person, commented that there is nothing to be proud of when Taiwan stocks surpass the Hong Kong stock index, because the market value of Taiwan stocks is only half of that of Hong Kong stocks. How can Tsai Ing-wen be embarrassed to mention this? "It's a shame and has been thrown into Hong Kong."
Chen Huiwen questioned in a radio program yesterday (2nd) that the economic indexes of Taiwan, China are not as good as those of Hong Kong SAR, China, and not as good as Singapore, whose stock market index is only over 3,000 points. Therefore, Tsai Ing-wen boasted that the Taiwan stock index finally beat Hong Kong's. What is the meaning? He also pointed out that looking around the world, New York is the first financial capital in the world, followed by London, and the third is Hong Kong, China. No one will talk about Taipei.
Chen Huiwen bluntly said that Tsai Ing-wen’s claim that Taiwan’s stock market index surpassed Hong Kong’s was “cheating”. The value of Taiwan’s stocks is only half of that of Hong Kong’s. “Look at how much people earn in Hong Kong, and how much we (Taiwan) earn?” , How can Tsai Ing-wen be embarrassed to talk about this?
Chen Huiwen emphasized that he is not a financial expert, but he also knows that no one is comparing the stock market index. In fact, Taiwan's finance and stock market are not as good as those of Hong Kong SAR. Therefore, he said directly that it was really embarrassing for Tsai Ing-wen to be the leader of Taiwan, and "the shame was thrown into Hong Kong."
In fact, "World Magazine" also published an article on December 1 last year titled "Not only the golden cross but also the "golden divergence"! Illustration of Taiwan stocks and Hong Kong stocks, who is the strongest? "The article also pointed out that the two index benchmarks are different and comparison is meaningless. The article also points out that as of October 2023, the market value of listed OTC companies in Taiwan will be approximately US$1.5 trillion, and that of Hong Kong SAR will be US$4.1 trillion. In terms of its share of the global economy, Taiwan is currently less than Hong Kong. half. (report compiled by Straits Herald reporter Lin Jingxian)
