Taiwanese companies on the mainland prefer listing their shares on China's domestic share markets and in Hong Kong rather than in Taiwan. Analysts say more than 20 Taiwanese firms have sold shares in Hong Kong, and dozens are seeking backdoor listings in China. 'Many already have bought or are planning to buy an existing company, a state-owned enterprise listed on the Shanghai Stock Exchange, into which they will inject their own assets,' explained Hayes Lou, secretary general of the Taiwan Businessmen's Association (TBA) of Dongguan, the largest Taiwanese commerce association in China. Dongguan's TBA has more than 4,000 members employing more than 2.5 million workers, making everything from running shoes to laptop computers. 'The Chen Shui-bian government hasn't made it easy for Taiwanese businesses on the mainland to go back to Taiwan to list shares,' he said. 'If they [Taiwanese companies] did, it'll be very difficult for them to reinvest that money in China.' Taiwan places restrictions on companies listed in Taiwan raising money there and sending it to the mainland. The recent approval of an A-share listing by Taiwanese firm Zhejiang Guo Xiang Industrial Freezer is encouraging news. Many Taiwanese companies actually prefer listing in China, said Mr Lou of Dongguan TBA. 'If you sell goods in China, why not list in China?' he said.