From Financial Time:
Taiwanese-owned companies in China are lining up to list in Shanghai and Shenzhen as the mainland’s markets offer more attractive valuations than Hong Kong, the capital market of choice for these businesses so far.
The trend adds to the challenges Hong Kong faces in maintaining its role as the main funding centre for Greater China.
The number of Taiwanese-backed companies on the mainland is significant. Taiwanese businesses are among the largest foreign investors there, having invested more than $150bn.[Full Text]
