CHINA> Taiwan, HK, Macao
![]() |
Taiwan stocks may get mainland access soon
By Hui Ching-hoo (China Daily)
Updated: 2009-01-20 07:58
HONG KONG: Mainland investors will be able to access Taiwanese stocks after the respective bourses iron out the modalities for cross-listing exchange traded funds (ETFs), according to leading market experts. Taiwan Stock Exchange Chairman Schive Chi said that the Shanghai and Taiwan bourses would start talks on cross-listing ETFs and indicated that a memorandum of understanding would be signed soon. Taiwan-based securities house Polaris Securities said because of their diversity, ETF products carry lesser risks for mainland investors, especially for those who have little knowledge about the Taiwan market. Polaris Securities Managing Director of Research Odie Ou welcomed the cross-listing moves and said ETFs are the ideal introductory vehicles. "Many overseas investors know only one or two large Taiwanese brands, such as Foxconn," he said. "Mainland investors can avoid blindly investing in Taiwan stocks with a balanced investment portfolio of ETFs." Ou said the brokerage plans to introduce an ETF, which tracks the performance of the Top-50 Taiwan enterprises, in the Hong Kong market in the first quarter. Similar products would also be available on the mainland after listing hurdles are removed, he said. Taiwan ETF products underwent a rapid growth over the past few years. Between 2003 and 2008, there were 10 Taiwan ETFs listed in overseas markets and they had raised funds of NT$3.9 billion. China Merchants Securities (HK) Managing Director Ronald Wan said he believes the mainland and Taiwan can reach an agreement within a year to allow mainland investors to purchase Taiwan stocks. But mainland investors are still not that enthusiastic about the Taiwan market, he said. "Many mainland investors are not familiar with the market," he said. "With its immature financial system and unstable political environment, they might take a wait-and-see investment strategy toward the emerging market." JP Morgan Asset Management Vice President of Investment Services Grace Tam said the scope of the Taiwan market is too narrow to attract overseas investors. However, she believes the mainland and Taiwan bourses will soon reach a consensus on the cross-listing of ETFs. Ou said the market-valuation-to-GDP ratio of Taiwan remains at an eight-year low, and he believes the index has room to pick up from the 4,000 level last November to around 6,000 this year.
(China Daily 01/20/2009 page13) |
主站蜘蛛池模板: 亚洲精品线在线观看 | 欧美野外性k8播放性迷宫 | 欧美日韩国产综合一区二区三区 | 黄色一及毛片 | 亚洲区一| 九九精品99久久久香蕉 | 日本一区二区三区在线 视频 | 久久精品一区二区三区四区 | 亚洲国产激情一区二区三区 | 免费国产一级特黄久久 | 俄罗斯小屁孩cao大人免费 | 男人天堂网址 | 亚洲一区国产 | 国产成人精品男人的天堂538 | 午夜精品成人毛片 | 不卡一区二区在线观看 | 波多野一区二区 | 亚洲伊人成人 | 制服丝袜怡红院 | 国产真实乱子伦精品视手机观看 | 99久久国产综合精品国 | 亚洲一级毛片免费在线观看 | 国产在线视频区 | 欧美一级毛片免费看 | 欧美日本一区亚洲欧美一区 | 中文 日本 免费 高清 | 亚洲第一黄色网 | 成人夜色视频网站在线观看 | 成人久久18免费游戏网站 | 国产精品91在线播放 | 在线亚洲自拍 | 免费高清国产 | 国产三级精品播放 | 国产在线欧美精品 | 无遮挡一级毛片私人影院 | 亚洲性无码av在线 | 免费看成人 | 成年人视频在线免费 | 久久精品国产精品亚洲 | 美女张开腿让男人捅爽 | 欧美成人tv在线观看免费 |