Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Live is Caixin Global's real-time news portal, featuring 24-hour breaking news, short-form analysis, and roundups from business and social media in China.

TRENDING
CNPC Plans $3.18 Billion Capital Increase in Finance Subsidiary
Retired Shandong Securities Regulator Put Under Probe
China Raises the Bar for Futures Company Shareholders
LATEST
Retired Shandong Securities Regulator Put Under Probe
China Raises the Bar for Futures Company Shareholders
CNPC Plans $3.18 Billion Capital Increase in Finance Subsidiary
Shanghai Regulators Push Didi to Expel Illegal Drivers After Accident
China Posts First Fiscal Revenue Decline in Six Months
A Billion People Are Now Part of China’s Credit Reporting System
Flow of Direct Investment Into China Continues to Grow Despite Trade Tensions
Trade Issues Could Trigger Competitive Devaluation: Ex-Central Bank Chief
Hong Kong Stock Exchange Chief Vows to Root Out Corrupt ‘Vermin’
China’s Property Investment Growth Slows
Shanghai Bets Big on Green Vehicle Future With ‘Hydrogen Energy Port’
Beijing Says Recent Drop in Rare-Earth Exports Caused by Market, Not Tightened Rules
China Proposes Tighter Rules on Foreign Companies Transferring Data Out of Country
Exclusive: Baoshang Takeover Impact Diminishing, Top Regulator Says
Former Top Nanjing Political Adviser Commits Suicide
Warburg-Backed ESR Shelves $1.25 Billion Hong Kong IPO
BMW's Production Shift to China Pays Off With Jump in X3 Sales
China Will Deliver Its Own Entity List Soon, Ministry Says
China Reduces High-Risk Financial Assets by Net $2 Trillion: Regulator
Central Bank Chief Calls on Shanghai to Step Up Services for Global Investors
Mainland Welcomes Taiwan Firms to List on High-Tech Board

By Zhao Runhua / Apr 10, 2019 12:50 PM / Finance

Photo: VCG

Photo: VCG

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.

Related: A Look at the Three Semiconductor Firms Applying to the New High-Tech Board

Share this article
Open WeChat and scan the QR code
Copyright © 2019 Caixin Global Limited. All Rights Reserved.