The mechanism called “China-Swiss Stock Connect” allows Chinese companies that have received authorisation to issue global depositary receipts (GDRs), which will be traded on the Swiss stock exchange. The corresponding shares will be deposited with a Chinese bank, the SIX Swiss Exchange said in a statement on Friday.
Several Chinese companies have received approval from SIX, reports business news agency AWP. They include lithium battery company Gotion High-Tech, building materials group Keda Industrial, Gem and Ningbo Shanshan which are also active in batteries.
The mechanism also provides the possibility for companies listed in Switzerland to issue GDRs in China on the Shanghai and Shenzhen stock exchanges.
The GDR listings offer a sought-after opportunity for Chinese companies to raise funds overseas, as US listings have been frozen amid heightened geopolitical tensions, according to Bloomberg, while volatility in Hong Kong this year is giving issuers second thoughts about the market.
This content was published on
Most Swiss people are planning at least one holiday this year in spite of rising costs and inflation, according to a study.
Italian busted smuggling alcohol in milk and shampoo bottles into Switzerland
This content was published on
An Italian motorhome driver has been caught trying to smuggle 135 litres of pure alcohol disguised in various bottles into Switzerland.
Swiss debate double-barrelled names for spouses and registered partners
This content was published on
A reform to the country’s naming laws could permit married couples and registered partners to have a double-barrelled surname again in future.
SWISS CEO admits mistakes were made during pandemic
This content was published on
At the end of his tenure, Swiss International Air Lines (SWISS) CEO Dieter Vranckx is not all positive, admitting mistakes were made.
More than half of Chinese acquisitions in Switzerland have state fingerprint
This content was published on
The Chinese government has a stake in 53% of Swiss companies acquired by Chinese firms since 2010, according to a think tank study.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.