TSE calls for signing of MOU regarding listing of T-shares

The TSE made the remarks prior to a meeting between FSC head Chen Yu-chang and Guo Shuqing, chairman of CSRC, scheduled for today.

According to the TSE, the signing of an MOU between the two would enable better monitoring by regulatory agencies.

“This would ensure the quality of T-shares and strengthen their trading,” TSE said.

It is expected during their summit today Chen and Guo will discuss a range of issues, among them a relaxing of restrictions on stock issuance by firms with Chinese background.

Currently, overseas companies in which Chinese capital holds a stake 30 percent or more are allowed for secondary listing in Taiwan, or the issuance of Taiwan depository receipts.

Yet for primary listing, or the issuance of common shares on Taiwan's main bourse, the above-mentioned companies can do so only with regulatory approval.

According to sources familiar with the situation, the government is expected to scrap that rule, a deregulatory measure that aims to attract more overseas firms, including those with Chinese background, to list in Taiwan to make the nation's market more diverse and international.

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