Taiwan Stock Exchange (TWSE) chairman Chi Schive (薛琦) is scheduled to pay a visit to China late next month to woo Taiwanese businesses there, local media reported yesterday.
The Chinese-language Commercial Times yesterday reported that Schive had marked the return of leading China-based Taiwanese companies to list on the local bourse as his top priority to set an example.
He will hold meetings with China-based Taiwanese businesses in Shanghai and pay courtesy calls to the city’s stock exchange and securities regulator, the report said.
The TWSE estimated that up to 40 companies have expressed interest in listing on the local stock market including Foxconn International Holdings Ltd (富士康), Delta Networks Inc (達創科技) and Want Want China Holdings Ltd (中國旺旺控股).
Schive said the TWSE was not just looking at five to 10 companies, but rather was looking at several times that many.
Schive has also been invited to give a speech at China’s stock exchange next week and will take the opportunity to hold conferences to inform local Taiwanese companies of developments.
He said that the nation’s financial regulators had vowed to remove barriers that hinder China-registered Taiwanese companies from returning and listing in Taiwan to speed up the process of signing a memorandum of understanding (MOU) with China.
China-based Taiwanese businesses Rock Mobil Group (滾石移動) and Keen High Techonologies Ltd (天鵬盛電子) have signed letters of intent to trade shares on the local stock market, the report said.
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