Zhang Hanwen, President of the Association of Taiwan-Invested Enterprises of Dongguan, Guangdong Province, said recently that Taiwan enterprises in Dongguan are already beginning to go public in the A-share market on the mainland, and this Year of Sheep will be a year of becoming listed companies for Taiwan enterprises in Dongguang. 

Top authorities of Dongguan City agreed that Taiwan-invested enterprises in Dongguan have developed into the stage of going public. Dongguan has more than 15,800 foreign-invested enterprises, and over 14,000 of them are Taiwan-invested ones, which use foreign investment exceeding US$23 billion under various contracts. 

In accordance with the statistical data of the Association of Taiwan-Invested Enterprises of Dongguan, this city has more than 3,000 large end-product manufacturing enterprises with investment from Taiwan, most of which are faced with the bottle-neck problem of financing for continued development. These enterprises are said to be suffering from a shortage of fund of about RMB10 billion or more, and therefore they are in urgent need of being listed as public companies on the stock exchange market. Taiwan-invested enterprises applying for being listed on the stock exchange market are generally end-product manufacturers. Being listed companies issuing shares on the mainland stock market, Taiwan-invested enterprises will be able to win more trust from customers and other enterprises as well as to break the bottle-neck problem of financing.

Source: Wen Wei Po (Hong Kong)