Taiwan mulls IPOs for mainland firms

Taiwan may loosen restrictions to allow Chinese mainland firms to list on its stock exchange, in the latest sign of warming ties across the Taiwan strait. Under a plan being considered, Taiwan would allow companies, including those wholly owned by the central government, to sell their shares in Taiwan. Currently only firms that are 20 percent or less owned by the central government can apply for such listings.

Taiwan may loosen restrictions to allow Chinese mainland firms to list on its stock exchange, in the latest sign of warming ties across the Taiwan strait.

Last week the island's local media reported that Taiwan was aiming to open five sectors of its economy to the Chinese mainland by the end of the year to boost the local economy. A raft of reforms was also approved to allow greater investments by its banks, brokerages and asset managers in China.

China´s deep regret over trade talks failure

Chinese Commerce Minister Chen Deming says he's disappointed and regretful about the failure of the WTO talks. He urged WTO members to prepare for the consequences.

Chinese Commerce Minister Chen Deming (File photo)

Chen believes the failure will have a major impact on the fragile multilateral trading system, since the world is still in a economic downturn and suffers serious inflation.