Chinese companies choose Switzerland over US and UK to raise money overseas
中国公司陆续赶赴瑞士上市
Political tensions with Washington and tougher accountancy standards in London discourage listings in larger markets
中企在美英上市的脚步受到地缘政治、审计标准等因素的阻碍,而在“中瑞通”启动的背景下,许多中国公司寻求在苏黎世上市。
Chinese companies are flocking to Switzerland to raise capital after being discouraged from listing in the US by geopolitical tensions and in Britain by tougher audit standards.
Nine Chinese companies floated in Zurich last year, raising $3.2bn in the European country, according to SIX, the operator of the Swiss stock market. That far outstrips the $470mn they raised in New York, data from Dealogic stated.
Their shift of focus to Switzerland comes in response to months of tensions between Beijing and Washington over standards for Chinese companies on US markets. The US sought greater access to listed companies’ financial audits but China resisted, citing a desire to protect state secrets.