Although more than 30 Taiwan firms are listed on Chinese mainland bourses, it is not yet known how eager they will be to join Shanghai's new high-tech board, set to launch soon.
Either way, the mainland is courting them.
The mainland has promised “equal treatment” to those who wish to land on the high-tech board, spokesperson Ma Xiaoguang said Wednesday during a regular briefing at the Taiwan Affairs Office of the State Council in Beijing.
“We have always supported companies backed by Taiwan entrepreneurs to go public in on the Chinese mainland. We hope, by doing so, the companies will better share development opportunities on the Chinese mainland,” Zhang said, adding that the companies will encounter “no policy hurdles” if wishing to list on the high-tech board.
A “company backed by Taiwan entrepreneurs” refers to an enterprise a Taiwan entrepreneur sets up with capital or equity solely from Taiwan, or a joint-venture with Chinese mainland partners.
The Shanghai Stock Exchange’s high-tech board working group has already received a listing application from Jiangsu-based HeJian Technology (Suzhou), a subsidiary of the world’s third-largest contract chipmaker Taiwan United Microelectronics Corp, Caixin learned.