A cross strait equity exchange center in Fujian is being set up by China and Taiwan. This comes as the economic relations between the two governments improve.
The center may be funded by ten entities which would include China's state owned Xiamen Jinyuan Investment Group as well as a unit of SinoPac Financial Holdings Co of Taiwan.
The said progress was confirmed by SinoPac CFO Michael Chang over the phone today. He said, "It's an exchange for junior shares, aiming to help early stage or small companies in China to raise funds."
This comes as the ties between the two countries are strengthening. Now, under the plan, China and Taiwan can consider discussion military exchanges in order to ease issues over military security. This was reported at the officiual Xinhua News Agency yesterday, who cited a summary from a cross strait non-governmental peace forum.
Other entities to fund the equity exchange center are Xiamen Rural Commercial Bank, Guosen Securities Co and CItic Securities Co. This was reported over China's National Radio today, who cited the center's manager Wang Juan.
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