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Taiwan’s MasterLink Securities launches VC units in Tianjin

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MasterLink Securities, the fourth-largest brokerage firm in Taiwan, has won regulatory approval to launch two venture capital investment units in mainland China.

MasterLink claims it is the first Taiwanese securities firm to launch a venture capital business in China. Tianjin Venture Capital and Tianjin Venture Capital Management -domiciled in special economic district of Tianjin Free Trade Zone (FTZ) - have paid-in capital of RMB100 million ($16 million) and RMB10 million, respectively.

MasterLink expects to complete business registration by the end of April and start operations in March, co-inciding with the planned opening of the Tianjin FTZ. Both VC units will target the investments in biotechnology and other fast-growth industries in China, according to a statement.

In December, the State Council approved plans to set up three FTZs in Tianjin, Fujian and Guangzhou that will follow Shanghai's lead in 2013. They are testing grounds for liberalized financial policies targeting foreign investors.

MasterLink signed a memorandum of understanding with Tianjin T&B Holding to launch a securities joint venture in 2013. In October 2014, Taiwan's Financial Supervisory Commission permitted local brokers to expand venture businesses into mainland China.

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