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.
Popular Stories
More
Swiss Abroad
Aussie adoptee gains Swiss citizenship at 54 thanks to old envelope
Swiss President Karin Keller-Sutter makes official visit to Austria
This content was published on
Karin Keller-Sutter, who took over the rotating Swiss presidency this year, has made her first official visit abroad as president to Austria.
This content was published on
The boss of Swiss Post, Roberto Cirillo, is stepping down at the end of March after six years in the job, the company announced on Friday.
This content was published on
The name and logo of the former Credit Suisse headquarters at Paradeplatz 8 in Zurich's financial centre were officially replaced by those of UBS on Friday.
Outgoing Swiss federal police chief warns of insufficient resources
This content was published on
The outgoing director of the Federal Office of Police (Fedpol), Nicoletta della Valle, has warned that officers, prosecutors and investigators in Switzerland have insufficient resources to do their work.
Swiss university inaugurates Europe’s most powerful centrifuge
This content was published on
The federal technology institute ETH Zurich has inaugurated Europe's most powerful geotechnical centrifuge. Researchers use the instrument to simulate the effects of natural hazards.
Swiss film industry reports successful year in 2024
This content was published on
Swiss films did well in cinemas in 2024, recording over 907,000 admissions, the Federal Statistical Office (FSO) reports. They accounted for almost 9% of all films shown last year in Switzerland.
Glencore and Rio Tinto held talks on mining’s biggest-ever potential merger, say reports
This content was published on
The Swiss-based mining and commodities group Glencore and the British company Rio Tinto reportedly held early-stage talks last year about combining their businesses.
First municipalities begin Swiss-wide plastic packaging recycling scheme
This content was published on
A new collection system to recycle plastic packaging and drinks cartons has begun in a handful of Swiss municipalities - others should follow in the coming weeks.
This content was published on
Despite an ongoing restructuring programme, Swiss retail giant Migros continued to grow last year by 1.6%, posting record sales of CHF32.5 billion ($35.7 billion).
Swiss researchers warn ‘mega-droughts’ are spreading around the world
This content was published on
"Mega-droughts" are increasing worldwide - becoming more frequent, hotter and more widespread over the past 40 years, a study published on Thursday shows.
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.