The Taiwan Stock Exchange Corp. (TWSE) may soon raise the daily price fluctuation limit of stocks from the current 7 percent to 10 percent in response to the expectations of many foreign institutional investors, TWSE Chairman Schive Chi said Thursday. Schive said the TWSE has recently conducted a survey among investors at home and abroad and the feedback indicates that many institutional investors expect a relaxation of the price fluctuation limits. The proposal to raise the daily limit will be submitted to the Financial Supervisory Commission for approval. To maintain the market's stability, the daily price fluctuation limits of stocks, beneficiary certificates, Taiwan Depository Receipts (TDRs) and convertible bonds are currently set at 7 percent of the closing price of the preceding business day, while those of listed bonds are set at 5 percent. Schive also addressed the increasing interest among overseas enterprises in issuing Taiwan Depositary Receipts (TDRs) and the price difference between TDRs and the underlying securities of some listed companies. He explained that the price difference reflects a competition between TDRs and the underlying securities and with the maturity of the TDR market, the difference is expected to narrow gradually. Schive said that over the past months, 10 overseas enterprises, including the Hong Kong-listed cable TV connector producer Sandmartin International Holdings, Taiwanese-invested decorative lighting producer Neo-Neon in China, and the largest Taiwanese-invested food producer in China Master Kong, began floating shares in Taiwan in the form of TDRs, and seven more are expected to follow suit before the Chinese New Year in mid-February. In all, 14 companies have listed TDRs. 