Mainland supports firms to go public in Taiwan

TAIPEI, Jan. 29 (Xinhua) -- Mainland-based firms will be supported if they choose to list on Taiwan's stock market, the Chinese mainland securities regulator said Tuesday.

Tong Daochi, director of overseas affairs at the China Securities Regulatory Commission (CSRC), made the remarks at a press conference after the first meeting of the cross-strait financial supervisory platform for securities and futures.

He said there are no legal or policy obstacles in mainland companies going public on Taiwan's stock market.

Tong said the regulatory body supports the policy of encouraging high-quality mainland-based enterprises to list on the island's stock market.

He added that there are 21 mainland-registered Taiwan enterprises that have gone public in the mainland. Taiwan's firms share identical processes and standards with mainland companies when applying for listings.

CSRC will further support eligible Taiwan enterprises to go public in the mainland. It will also support mainland companies to go public in other markets outside the mainland based on their own demands.