China Hints at Launching Shanghai-Zurich Stock Connect Program
China Hints at Launching Shanghai-Zurich Stock Connect Program
April 29, 2021 Posted by China Briefing
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The Shanghai Stock Exchange (SSE) may inaugurate the sale of global depositary receipts (GDRs) in Switzerland by Chinese companies in 2021, along the lines of the Shanghai-London Stock Connect. This intention was picked up during a recent speech made by a senior SSE official.
On April 20, 2020, Cai Jianchun, general manager of the SSE, said in a panel discussion at the Boao Forum in Hainan, “We are preparing to make important efforts in Switzerland going forward and we believe that the first batch of the trial will succeed this year”.