Another trade option for Taiwan stock investors
Source: Xinhua |
March 5, 2010, Friday
|
Print Edition
Print Edition
INVESTORS in Taiwan are allowed to invest in Chinese mainland red-chip stocks listed in Hong Kong and Macau through brokerages, financial authorities have said.
The authorities approved 100 red-chip shares in mainland companies including China Mobile, the world's largest telco, computer maker Lenovo and China Unicom, another telco, to be traded.
Red-chip shares are issued by enterprises that are based in the mainland but incorporated internationally.
According to the authorities, the trades should be conducted through consignment, in which investors entrust local brokerages to invest and the firms then consign the investment to brokerage outside Taiwan.
Taiwan people are also permitted to transact in ETFs (exchange-traded funds) that track the performances of red-chip shares, H stocks (Hong Kong-listed stocks issued by mainland enterprises), and A stocks (mainland-listed shares that are confined to mainland investors).
The authorities approved 100 red-chip shares in mainland companies including China Mobile, the world's largest telco, computer maker Lenovo and China Unicom, another telco, to be traded.
Red-chip shares are issued by enterprises that are based in the mainland but incorporated internationally.
According to the authorities, the trades should be conducted through consignment, in which investors entrust local brokerages to invest and the firms then consign the investment to brokerage outside Taiwan.
Taiwan people are also permitted to transact in ETFs (exchange-traded funds) that track the performances of red-chip shares, H stocks (Hong Kong-listed stocks issued by mainland enterprises), and A stocks (mainland-listed shares that are confined to mainland investors).
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