Abstract

Economic Cooperation Framework Agreement (ECFA) was signed by the Taiwan strait on June 12,2010, and was entered into force on September 12, 2010. ECFA led to expectations of investment proposals in the financial market , and also pushed them to be carried out. As a related employment of underwriter, I concern more about the future of primary stock market between Taiwan Strait since ECFA was signed. This research uses qualitative research method and analyzes the development of underwriters in primary stock market of Taiwan Strait. Besides, it compares with open the experience of CEPA and adopts a strategy to analyze the influence caused by ECFA to underwriters in Taiwan. Although the financial market in Taiwan is ¬¬still prohibited, but underwriters in Taiwan start to corporate with each other in privacy. According to this research, we can provide three suggestions. First of all, Taiwan’s government should take the initiative to sign supplementary agreement like CEPA of Hong Kong to open underwriter market gradually. Second, Taiwan’s underwriters should choose suitable underwriters in China to cooperate with. Finally, we must strengthen the function of Taiwan’s representative office in China and take the initiative to play an intermediary role to help Taiwanese businessmen apply primary and secondary listing of securities in Taiwan.

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