Taiwan, China May Allow Cross-Trading of Stocks

From Bloomberg:

Taiwan and China are planning to permit trading of each others’ shares for the first time as ties improve 60 years after their civil war ended.

A so-called trading platform may list as many as 30 stocks from each market, said Schive Chi, chairman of the Taiwan Stock Exchange. Now, investors are restricted from directly investing in each others’ equities. An agreement on the dual-listing of exchange-traded funds is also expected this year, he said.

“It will be a step further,” Chi said in a May 4 interview in Taipei. “Instead of trading exchange-traded funds, it will be trading individual stocks.”

May 6, 2009 8:05 PM
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Categories: Economy, Taiwan