by swisschambei in Business
Switzerland may be a better destination for Chinese companies seeking to go public overseas, the chief executive officer of the Six Swiss Exchange told Yicai Global. The New York Stock Exchange, Nasdaq, and the Hong Kong Stock Exchange are much bigger markets than Six, Jos Dijsselhof said in a recent interview. But if a company is interested in being a bigger fish in a smaller pond, instead of being a smaller fish in a very big pond, then Six would be an attractive option, he added. Zurich-based Six was set up in 1993. With a total market capitalization of USD1.8 trillion, it was Europe’s fifth-biggest stock exchange as of January 2021, according to data provider Statista. “Switzerland is not a part of the European Union, but an independent and neutral place with very good segments like life sciences, biotechnology, financial services, and construction and materials,” Dijsselhof noted. “We have a lot of advantages and we bring all of those advantages to play for investors.” Dijsselhof said he was confident that the first Chinese listing in Switzerland would happen in the second half of this year. Even “hopefully a couple of listings,” he said. So far, engineering equipment giant Sany Heavy Industry, battery materials supplier Shanshan Holding, battery maker Gotion High-Tech, and cardiovascular equipment supplier Lepu Medical Technology have set out plans to list in Switzerland, Dijsselhof noted, adding that there is a long list of companies that are interested in listing on Six, but have not made their plans public yet.