The number of Taiwan-funded companies listed on the Haixia Equity Exchange in Pingtan, Fujian province is on the rise and has reached 37, according to a manager of the exchange.

The Haixia Equity Exchange, registered in Pingtan in 2011, brought new vitality to the county's financial system and helped boost the upgrading and development of its industrial structure.

Yang Zhean, officer of the local finance bureau, said that due to Pingtan's favorable location close to Taiwan, the Haixia Equity Exchange plays an important role in helping small and medium-sized companies in Taiwan raise money and develop their businesses on the Chinese mainland.

Local authorities will do more to promote financial cooperation between Taiwan and the Chinese mainland by taking advantage of the preferential policies of both the exchange and the Pingtan Comprehensive Pilot Zone, Yang added.

Zhang Zansong, general manager of the Haixia Equity Exchange, said that the exchange will focus on having more Taiwan-funded companies get listed by rolling out special rules for those companies. He hopes to develop Pingtan into a demonstration area for cross-Straits financial cooperation.