Yangzijiang Shipbuilding Holdings has become the first mainland company to list on Taiwan's stock market. It underlines the rapidly improving economic ties across the Taiwan strait.

The Taiwan Depositary Receipts, or TDRs of Yangzijiang Shipbuilding Holdings started trading on the Taiwan Stock Exchange at 9 o'clock on Wednesday.

Shares began trading at 20.10 New Taiwan dollars, about 7 percent higher than its fixed TDR price.

Yangzijiang is one of China's top five shipbuilders. And now, the first mainland company to list on the island's bourse.

Ren Yuanlin, Chairman of Yangzijiang Shipbuilding Holdings Ltd. said "Yangzijiang Shipbuilding has been listed on the Taiwan Stock Exchange today, right after the cross-strait trade deal was signed by the two sides. We are the first mainland company listed on the Taiwan stock market, and also the first to be listed both in Singapore and Taiwan."

Yangzijiang's successful arrival on the island's bourse makes it a mainland pioneer, by raising funds in Taiwan's capital market.

Given that the Chinese mainland and Taiwan continue to push forward the implementation of the Economic Cooperation Framework Agreement, Yangzijiang can embrace many opportunities in Taiwan.

Chi Schive, Chairman of Taiwan Stock Exchange said "Yangzijiang Shipbuilding has made the best choice to be listed here. I think they will find valuable partners and investors here to help them enter into a new area of business."

Yangzijiang's listing on the Taiwan Stock Exchange will further promote interaction and integration in economics and trade across the Taiwan strait.

With the push of ECFA, more and more mainland companies are expected to follow suit.