First mainland company listed in Taiwan

On the morning of Sept. 8, mainland Chinese company Yangzijiang Shipbuilding Holdings will be officially listed in Taiwan.

Yangzijiang Shipbuilding Holdings issued 240 million units of Taiwan Depositary Receipts (TDR) in Taiwan at a price of 18.8 yuan NT, and it is the second largest ever TDR case in Taiwan's securities market.

Since Yangzijiang Shipbuilding Holdings submitted applications to the Taiwan Stock Exchange in June this year, Taiwan industry and the media was abuzz about the move. Some analysts believe that this is bound to set off a wave of the mainland enterprises listing on the Taiwan stock market.

By Huang Beibei, People's Daily Online