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City pledges cross-Strait financing support
By Ding Yining |
December 27, 2011, Tuesday
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Print Edition
Print Edition
SHANGHAI will continue to encourage Taiwanese companies to develop their business in the city and provide support for eligible companies to list on domestic stock exchanges.
"Shanghai will encourage Taiwanese companies to list their companies on the main stock boards or Growth Enterprise Markets to broaden their financing channels," the Shanghai Taiwan Affairs Office said in a statement yesterday.
In the first 10 months this year, Shanghai has given approval to 450 Taiwanese companies to invest in the city and signed new contracts worth US$2.38 billion. Shanghai's total trade with Taiwan grew at an annual 11.8 percent in the first 10 months of this year to US$29.6 billion.
The city's Taiwan Affairs Office yesterday released a scheme of 15 new incentive measures to help support businesses. Shanghai also urged financial institutions to continue providing credit and other financial services to Taiwanese companies.
"Shanghai will encourage Taiwanese companies to list their companies on the main stock boards or Growth Enterprise Markets to broaden their financing channels," the Shanghai Taiwan Affairs Office said in a statement yesterday.
In the first 10 months this year, Shanghai has given approval to 450 Taiwanese companies to invest in the city and signed new contracts worth US$2.38 billion. Shanghai's total trade with Taiwan grew at an annual 11.8 percent in the first 10 months of this year to US$29.6 billion.
The city's Taiwan Affairs Office yesterday released a scheme of 15 new incentive measures to help support businesses. Shanghai also urged financial institutions to continue providing credit and other financial services to Taiwanese companies.
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