Xiamen promotes A-share listing of Taiwan-funded firms

Xiamen in East China's Fujian province is ramping up efforts to promote interaction between cross-Straits capital markets, according to Yao Zhiping, deputy director of the Xiamen Municipal Financial Regulatory Bureau.

Two Taiwan-funded businesses in Xiamen – Desiccant Technology Co and Fujian Tsann Kuen Co – have been listed in the Chinese mainland's A-share market.

Another four Taiwan-founded businesses in the city have become key back-up companies to be listed in the A-share market, including Runner Group and TES Touch Embedded Solutions (Xiamen) Co.

In addition, Xiamen also piloted the Taiwan Capital Board at the city's Cross-Straits Equity Exchange and established a special financial service system for Taiwan companies in the city.

To date, a total of 249 Taiwan-funded businesses have been listed on the Taiwan Capital Board.

According to the Xiamen Municipal Financial Regulatory Bureau, the city houses 47 domestic listed companies, accounting for 35 percent of the total in Fujian, and 2,407 companies have been listed at the Xiamen Cross-Straits Equity Exchange.