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Tuesday, February 27, 2001, updated at 11:28(GMT+8)
Business  

B Share Triggers Taiwanese Investment in Mainland

The decision to allow domestic investors to buy B shares listed in Shanghai and Shenzhen is triggering a new wave of Taiwanese investment in the mainland stock market, according to the Taiwan local media.

Because of the weakening market and slowing economy on the island, Taiwanese investors are now buying stocks listed in Shanghai and Shenzhen stock exchanges, and converting their new Taiwan dollars into U.S. currency at the same time.

Falling U.S. interest rates will result in a lower rate of return on U.S. dollar holdings. Analysts said that Taiwanese investors are expected to be interested in the mainland stock markets, triggered by the news that local investors are able to buy B shares that used to be reserved to foreigners.

Indeed, Taiwanese investors are already active in the mainland. Taiwan-born Sun Wen-hsiung was recently tipped as the biggest individual stockholder in Shanghai in a survey of the top shareholders conducted by the Shanghai-based New Wealth Magazine.







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The decision to allow domestic investors to buy B shares listed in Shanghai and Shenzhen is triggering a new wave of Taiwanese investment in the mainland stock market, according to the Taiwan local media.

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