The Swiss stock market has become a source of financing for the Chinese economy, as two more Chinese companies recently listed their stocks on the Swiss stock exchange SIX. Since last February, some companies from the People's Republic have been participating in the SIX through the GDR (Global Depository Receipts), providing financing through Zurich.
Finally, two companies are preparing to apply for SIX. According to foreign media reports, battery manufacturer Ningbo Shanshan and construction materials manufacturer Keda Industrial are preparing to offer their shares to the public. Ningbo Shanshan's target is 970 million francs and Keda Industrial's target is 290 million francs.
For Monday, there is a fresh start in the plan; Gotion High-Tech, which is also a battery manufacturer and works with Volkswagen, wants to raise financing by selling 1,45 billion francs shares on SIX. On the other hand, the list of Chinese companies seems to get longer; because more than ten startups have expressed interest in taking steps to enter SIX.