Chinese firms are accelerating their overseas listings through the use of Global Depositary Receipts (GDR), with Switzerland a popular destination. The trend shows how Chinese companies are seeking alternatives to the US market after a tough crackdown made the US less attractive, experts said.
Sany Heavy Industry Co, China s biggest maker of engineering machinery, published a set of revised internal rules on Saturday in preparation for a Frankfurt listing - potentially the first there. | February 11, 2023
On the Swiss stock exchange SIX, the number of dual listings from China increased to nine companies. The Chinese deals lifted Zurich into the top group of European stock exchanges.