Council for FSE Revitalization
Council for FSE Revitalization (CFR)
FSE strongly believes that it is a crucial social infrastructure that offers a direct financing function to the Kyushu economy and must be maintained so that FSE can play a leading role in financial development in the Kyushu region. In addition, we also believe that the existence of FSE, which offers a high-level direct financing function, is essential to Fukuoka in order to enhance its position as a hub city in the Asian economy.
From this standpoint, in June 1998, administrative and business organizations in the Kyushu region jointly founded CFR in order to revitalize FSE.
CFR initially organized two expert committees, the "Transaction Promotion Committee" and the "New Listing Promotion Committee" to increase the attractiveness of FSE to investors.
In August 2001, CFR integrated and transformed these two committees into one committee and a subordinate taskforce, so that they can flexibly and thoroughly discuss various kinds of initiatives.
CFR structure
Taskforce
Appointed members change corresponding to matters to be reviewed or issues to be discussed.
- Taskforce functions
- The taskforce discusses concrete initiatives to revitalize FSE's managerial actions from a practical point of view.
Committee
Made up of experts with wide-ranging practical understanding who work at upper-management and board level.
- Committee functions
- The Committee discusses mid-term measures to revitalize FSE from a managerial point of view, such as measures to enhance trading volume, support of IR activities by solely-listed companies, and encouragement for regional small and medium businesses to go public.
Council for FSE Revitalization (CFR)
Consists of executives of leading regional businesses and administrative officers.
- CFR functions
- Council discusses basic strategies and forms a consensus on measures to support FSE.
- Council for Fukuoka Stock Exchange Revitalization Prospectus (June 2, 1998)
- Since its establishment in 1949, Fukuoka Stock Exchange, or FSE, has contributed to the prosperity of the regional economy by cultivating the growth of regional industries and promoting listings.
- However, FSE, like other regional exchanges in Japan, has recently been losing its value as a liquidity provider because of the decline in trading volume, and is consequently losing its reputation as an attractive IPO market. Moreover, regional exchanges themselves could be declining businesses and lose their reason for existence because of deregulation in the regional exchange business and progress in information technology.
- FSE is a crucial social infrastructure that offers a direct financing function to the Kyushu economy and must be maintained so that the Kyushu region will continue to develop and play a central role in the expanding Asian economy.
- In particular, the revitalization of FSE is an urgent task to address because the existence of a financial market which offers a high-level direct financing function is essential to Fukuok to enhance its position as a hub city in the Asian economy.
- Therefore, business and administrative organizations in the Kyushu region jointly founded CFR in order to push FSE revitalization measures forward and support managerial actions.
