Chinese Share Sales in Europe Gain Importance as Financing Tool, UBS Exec Says

Europe is becoming an increasingly important source of equity financing for publicly traded Chinese companies that tap into expanding China-Europe stock connect programs, an executive of global banking giant UBS said.

In 2022, nine Chinese businesses raised a total of $3.2 billion by selling global depositary receipts (GDRs) on the SIX Swiss Exchange in Zurich, data from the bourse showed. That was seven times as much as Chinese companies generated through share sales in the U.S.