Three Chinese Companies Plan Swiss Listings

by swisschambei in Business

Three Chinese companies – an engineering machinery maker, a battery producer and a medical equipment manufacturer – unveiled plans on Wednesday to list on the SIX Swiss Exchange, as Beijing reaffirms its support of offshore listings. Shanghai-listed Sany Heavy Industry Co, and Shenzhen-traded Gotion High Tech Co and Lepu Medical Technology (Beijing) Co said in respective filings that they aim to sell Global Depository Receipts in Switzerland to fund global expansion. The companies also said they were answering government calls to strengthen connectivity between Chinese and European capital markets, and that listing overseas would help broaden financing channels and improve corporate governance. Late last year, China broadened a stock connect scheme linking Shanghai and London to include capital markets in Germany and Switzerland. The first batch of applicants under the expanded scheme comes as Chinese vice premier Liu He said the Chinese government continues to support offshore listings by domestic companies.

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Your Swiss Business Platform in China

SwissCham China has roughly 600 company members. Our Chamber maintains a strong relationship with the Embassy of Switzerland, Switzerland Global Enterprise, Swissnex and Switzerland Tourism. As the representative of the Swiss companies established in China, our goal is to help you to increase your business and visibility, especially amongst the Sino-Swiss business community.

Become A Member

Sign Up For Our Newsletter

  • This field is for validation purposes and should be left unchanged.
July 17, 2023
Published By in Business
July 16, 2023
Published By in Engineering / Manufacturing
July 13, 2023
Published By Consulate General of Switzerland in Guangzhou in Engineering / Manufacturing
July 3, 2023
Published By in Bilateral Relations