Beijing to approve Taiwan securities JVs by year-end

Long-awaited move will see two or three Taiwanese securities houses allowed to set up mainland joint ventures as a pilot test and then other firms’ JV plans will be reviewed.

Taiwan’s securities industry is suffering due to new securities taxes, which led to trading volume dropping 53%, and the stock market losing 14.3%.

Jing Song

September 18, 2013

China will open its capital markets to Taiwanese securities houses by the end of the year by approving a batch of joint ventures with mainland peers, according to people familiar with the situation.

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