“China Wealth” has temporarily relocated for a few days from its normal perch in Shanghai over to its former outpost in Taipei for a reporting trip, and during that stretch will be highlighting the outlook for Taiwan’s business with China and the rest of the world.

For stock investors looking to profit from China’s growth, Taiwan’s No. 1 Chinese-language business daily the Economic Daily News today has a front page story this morning about 10 Taiwan-listed “China concept” stocks that it says are worth having  a look at.  China’s stock market may be at a bottom, and China-related shares traded in Taipei may be the focus of trading here and earn a good return, it suggests.     

The top five are:  Mega Financial, a bank that might benefit from cross-Strait banking reforms this year; General Plastics, a plastics maker poised to profit from rising prices; Digital China, the mainland IT service companies that has a secondary listing in Taiwan; Uni-President, the big food and beverage company that competes with the likes of Nestle, Coke and Tingyi in the mainland; and Advantech, a industrial and electronics products supplier expected to see an increase in orders this year.

The bottom five are Yungtay Engineering, the big Taiwan elevator maker that is expanding its production at a plant in Tianjin in the mainland that is a rival to U.S.-based Otis (which is owned by United Technologies); Eclat, an apparel maker, which is expanding in Cambodia (just what that has to do with China isn’t explained in the article); Holiday Entertainment, a KTV sing-along center that is adding new locations in the mainland; Taiwan Hon Chuan, a bottle and packaging outfit that will like Uni-President may benefit from growth in China’s beverage market; and Taiwan Acceptance, a finance company likely to profit from growth in auto sales in the mainland this year.  The company is tied to Taiwan’s Yulon Group, whose boss Kenneth Yen ranked No. 30 on the 2011 Forbes Taiwan Rich List with wealth of $1.29 billion.

Taiwan’s main stock index is up 6.1% so far this year, compared with a 9.4% rise in Shanghai’s A-share index, so at a cursory glance it may have room to catch up.    Recently re-elected Taiwan President Ma Ying-jeou is looking for ways to boost Taiwan’s business with the mainland, and in fact the Taiwan Stock Exchange in the coming years may be of interest for China-bound investors more than ever.

–Follow me on Twitter @rflannerychina