Between five and 10 Japanese companies have expressed an interest in listing their shares on the Taiwan Stock Exchange (TAIEX), accountancy firm KPMG Taiwan chief executive Winston Yu (于紀隆) said.
The interested firms include several in the fields of electronics, semiconductors, machinery and insurance, Yu said on Wednesday, citing a KPMG poll.
Since Taiwan signed the Economic Cooperation Framework Agreement (ECFA) with China last year, its capital market has been more open, which has attracted Japanese companies looking to list overseas, he said.
Taiwan is also in an excellent position to serve as a bridge for Japanese investors seeking to make inroads into the China market, he added.
Taiwan offers a higher price earnings ratio and turnover rate than capital markets in most other Asian countries, Yu said.
As a result, Taiwan is more attractive to Japanese investors than other countries in the region, such as Singapore or Malaysia, he said.
Earlier in the day, Taiwan Stock Exchange chairman Schive Chi (薛琦) said Taiwan is “the best gateway to China” and as a result has an “absolute advantage” when it came to attracting listings by Japanese enterprises.
By listing on Taiwan’s market, investors would be able to connect more easily to those in China — because of the geographic proximity — than if they listed in Singapore, Chi said.
Other advantages included, capital flexibility and a comprehensive industrial supply chain, he said.
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