--- title: "台股 “松绑” 引爆台积电 (TSM.US)！放宽基金单一持股限制至 25%，小摩称有望吸引超 600 亿美元资金" type: "News" locale: "en" url: "https://longbridge.com/en/news/283944315.md" description: "台湾金融监管机构放宽基金单一股票持仓限制至 25%，台积电 (TSM.US) 股价创历史新高，摩根大通预计将吸引超过 60 亿美元资金流入。台积电股价一度上涨 4.8%，台湾加权指数上涨 3.2%。新规允许本土股票型基金和主动型 ETF 将最多 25% 的净资产投资于单一公司，预计将推动台湾加权指数触及 40000 点。分析师担忧集中度风险，可能影响整体市场。" datetime: "2026-04-24T06:27:59.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283944315.md) - [en](https://longbridge.com/en/news/283944315.md) - [zh-HK](https://longbridge.com/zh-HK/news/283944315.md) --- # 台股 “松绑” 引爆台积电 (TSM.US)！放宽基金单一持股限制至 25%，小摩称有望吸引超 600 亿美元资金 According to the Zhitong Finance APP, after the financial regulatory authorities in Taiwan relaxed the restrictions on fund holdings in a single stock, the stock price of Taiwan Semiconductor (TSM.US) hit a historic high. JP Morgan expects this move to bring in over $6 billion in capital inflow. The chip manufacturing giant's stock price rose by as much as 4.8% during the trading session, and the benchmark Taiwan Weighted Index (Taiex) also surged by 3.2%, leading the Asian market. The Financial Supervisory Commission of Taiwan announced on Thursday plans to relax a long-standing rule that previously required fund managers to invest more than 10% of the fund's net asset value in a single stock. Under the new regulations, local equity funds and actively managed exchange-traded funds (ETFs) investing in local Taiwanese stocks can allocate up to 25% of their net assets to any company listed on the Taiwan Stock Exchange with a weight exceeding 10%. As the artificial intelligence (AI) boom continues to drive up Taiwan Semiconductor's stock price, the previous 10% cap has increasingly become a limiting factor, preventing many funds from fully benefiting from the stock price increase. JP Morgan's sales department noted in a report that this adjustment is expected to push the Taiwan Weighted Index to reach the 40,000-point mark—implying an approximately 6% upside from Thursday's closing price. Since Taiwan Semiconductor accounts for over 44% of the Taiwan Weighted Index and 13% of the MSCI Emerging Markets Index, the regulatory relaxation will also exacerbate the concentration risk in the Taiwanese market. Some analysts are concerned that a significant drop in this stock could drag down the overall market. This rule change may help narrow the discount between Taiwan Semiconductor's local stock and its American Depositary Receipts (ADR). The reason for this discount is that, unlike U.S. stocks, Taiwanese stocks require special regulatory approval to be converted into ADRs. "Now that the cap has been raised to 25%, these local funds will buy more Taiwan Semiconductor," said Ling Vey-Sern, Managing Director of Union Bancaire Privee. He added that this will ultimately narrow the discount. Meanwhile, JP Morgan strategists have upgraded the rating of Taiwanese stocks to "overweight," citing that concerns over challenges in realizing profits have eased and hardware pricing power is strengthening. It is worth mentioning that Taiwan Semiconductor released its Q1 2026 financial report on April 16, delivering an all-around better-than-expected performance. In terms of core financial data, Q1 consolidated revenue reached NT$1.134 trillion (approximately $35.9 billion), a year-on-year increase of 35%; net profit reached NT$572.48 billion (approximately $18.2 billion), a staggering year-on-year increase of 58%, exceeding the average analyst expectation of NT$542.4 billion, marking the fourth consecutive quarter of record profits and maintaining double-digit growth for eight consecutive quarters. The gross margin also hit a historic high, with Q1 gross margin rising to 66.2% (previous company guidance was only 63%-65%), and operating profit margin rising to 58.1%, both significantly exceeding market expectations. Regarding the performance outlook that the market is focusing on, the guidance provided by Taiwan Semiconductor's management is overwhelmingly better than expectations, even though market expectations had already been continuously revised upward. Taiwan Semiconductor expects total revenue growth this year to exceed 30%, higher than the previous expectation of below 30% and the general market expectation of 25%-28% The company's executives also stated that, given the continued strong demand for AI chips and advanced packaging, capital expenditures will approach the upper limit of the previously forecasted range (up to $56 billion), and emphasized that capital expenditures over the next three years will be significantly higher than in the past three years, indicating their confidence in future growth prospects ### Related Stocks - [TSM.US](https://longbridge.com/en/quote/TSM.US.md) - [EWT.US](https://longbridge.com/en/quote/EWT.US.md) - [JPM.US](https://longbridge.com/en/quote/JPM.US.md) - [JPM-M.US](https://longbridge.com/en/quote/JPM-M.US.md) - [JPM-C.US](https://longbridge.com/en/quote/JPM-C.US.md) - [JPM-D.US](https://longbridge.com/en/quote/JPM-D.US.md) - [JPM-L.US](https://longbridge.com/en/quote/JPM-L.US.md) - [8634.JP](https://longbridge.com/en/quote/8634.JP.md) - [JPM-K.US](https://longbridge.com/en/quote/JPM-K.US.md) - [JPM-J.US](https://longbridge.com/en/quote/JPM-J.US.md) ## Related News & Research - [TSMC Files Annual Report on Form 20-F for 2025 | TSM Stock News](https://longbridge.com/en/news/282987427.md) - [Eastspring Investments Taiwan To Start Raising Assets For Upcoming Fund Of Funds Product In May](https://longbridge.com/en/news/283307707.md) - [Cadence Collaborates with TSMC to Accelerate Design of Next-Generation AI Silicon | CDNS Stock News](https://longbridge.com/en/news/283711601.md) - [Dupont Capital Management Corp Sells 18,580 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM](https://longbridge.com/en/news/283115884.md) - [TSMC's margins set to expand next year as it exerts pricing power: Analyst](https://longbridge.com/en/news/283097799.md)