(Focus on the Strait Forum) Taiwan-funded enterprises accelerate their embrace of the mainland capital market
China News Service, Xiamen, September 20 (Reporter Long Min) "When will the number of Taiwan-funded enterprises approved for listing in the mainland reach 50?" Zhang Shihong, Director of the Economic Affairs Bureau of the Taiwan Affairs Office of the State Council, said in Xiamen on the 20th, "I think it will be soon. When there are 100 companies, a Taiwan-funded sector may be formed in the mainland capital market."
On the afternoon of September 20, the Forum on Promoting the Development of Capital Markets for Taiwan-Funded Enterprises was held in Xiamen.
Industry experts at the conference believe that Taiwan-funded enterprises are accelerating their embrace of the mainland capital market.
Photo by China News Agency reporter Zhang Bin
In the afternoon, the Forum on Promoting the Development of Capital Markets for Taiwan-Funded Enterprises was held in Xiamen.
Industry experts at the conference believe that Taiwan-funded enterprises are accelerating their embrace of the mainland capital market.
Zhang Shihong said that before 2019, there were just 30 Taiwanese-funded enterprises approved for listing on the mainland.
Since the emergence of the new crown pneumonia epidemic this year, the China Securities Regulatory Commission has approved 7 Taiwan-funded companies to list on the mainland, and more companies are undergoing trials. "This is an inevitable result of the development of cross-strait economic and trade relations."
Zhang Shihong believes that the biggest feature of Taiwan-funded enterprises is that they are engaged in the real economy, with high technology content and good business philosophy. More Taiwan-funded enterprises entering the mainland capital market will help improve the quality of the mainland capital market. There are no policy barriers to listing.
Li Zhenghong, chairman of the National Taiwan Enterprise Federation, also stated in his speech that the mainland's capital market reform and development have achieved remarkable results, continuously enriching the level system of the capital market, expanding financing channels at multiple levels, and fully stimulating the vitality of market entities.
At present, more and more Taiwan-funded companies have landed or planned to land on the mainland capital market, and listing of Taiwan-funded companies on the mainland capital market is becoming a new trend.
Chen Feng, Director of the Listing Promotion Department of the Shenzhen Stock Exchange, pointed out that advancing the reform of the Growth Enterprise Market and piloting the registration system will bring new opportunities for the development of outstanding Taiwan-funded enterprises in the A-share market.
With the historical trend of deepening cross-strait economic cooperation, Taiwan-funded enterprises are accelerating their embrace of the mainland capital market.
Xiamen Jinyuan Unified Securities, the first cross-strait joint venture comprehensive securities company, has recently been issued a "Business License" by the China Securities Regulatory Commission. Its business includes securities economy, securities self-operation, and securities underwriting and sponsorship.
Xue He, chairman of Xiamen Jinyuan Uni-President Securities, believes that the opening and reform of the capital market has always attracted the attention of compatriots on both sides of the Taiwan Strait. The important exploration of development, combined with policies and measures to benefit Taiwan, will bring unprecedented opportunities for Taiwanese capital, Taiwanese enterprises and Taiwan compatriots to participate in the capital market.
Xue He said that while serving companies in the region, Jinyuan Unified Securities will provide in-depth comprehensive financial services for Taiwanese enterprises and Taiwanese compatriots who are deeply engaged in the mainland area, and strive to become a leading Taiwanese integrated financial service platform for Taiwanese enterprises.
Xiamen Jianlin Healthy Home Co., Ltd., which focuses on healthy home furnishings, was listed on the Shanghai Stock Exchange at the end of July this year and officially listed in A shares, becoming the first Taiwanese-funded company to be listed on the mainland in 2020.
The company’s president Chen Daihua pointed out that financing through the capital market will build a better public image and market awareness, reduce financing and operating costs, further expand production scale and sustainable operations, and better share the development opportunities in the mainland.
Li Zhenghong suggested that Taiwanese enterprises should seize the opportunity of the rapid development of the mainland capital market, backed by the huge mainland market, and closely follow the business opportunities of the domestic big cycle and the domestic and international double cycles, accelerate the transformation and upgrading of enterprises, and achieve bigger and better development of.
"With the continuous deepening of cross-strait financial cooperation, it is bound to create more bright and splendid prospects for mutual benefit and win-win economic cooperation across the Straits." (End)