SIX’s «Stock Connect» scheme with exchanges in China has been luring mainland Chinese companies for secondary listings in Zurich, the «Financial Times» reported.
It is also the first time that there has been more Chinese corporate dealmaking in Europe than in New York, the newspaper said, adding that Switzerland has «less demanding requirements over the transparency of company audits.
Last month American and Chinese officials agreed to allow Chinese accounting firms to share more information with US regulators about the finances of Chinese companies listed on U.S. stock exchanges. It is too soon to say how well the business with Chinese GDRs will fare, Dijsselhof said in the «Moneycab» interview, adding that he was expecting further Chinese companies to list in the coming months.