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.
The move follows a cross-Strait service trade pact signed in June, one of several follow-up deals to the Economic Cooperation Framework Agreement, a comprehensive cross-Strait economic pact signed in 2010.
June’s service trade pact stipulates a lower market access threshold for companies from both sides, with the Chinese mainland to open 80 service sectors to Taiwan, while Taiwan will open 64 sectors to the mainland.
Beijing will first allow two or...
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