SIX Announces the Official Launch of Swiss GDRs-leg of the China-Switzerland Stock Connect

Today, SIX officially launched the Swiss GDR-leg of the China-Switzerland Stock Connect with the participation of senior government representatives from China and Switzerland.

Since signing the Memoranda of Understanding (MoU) in 2019, SIX has been working closely with the Shanghai and Shenzhen Stock Exchanges to establish a Stock Connect offering that is equally accessible for Chinese and Swiss market participants.

Stock Connect, which provides a cross-listing framework between Chinese and Swiss exchanges, allows companies from each market to access investor pools in the other market and raise capital by issuing and listing GDRs on SIX Swiss Exchange and Chinese Depository Receipts on the Chinese exchanges.

Stock Connect is another important step for the Chinese financial sector in opening up bringing the capital markets of China and Switzerland even closer together. At the same time, it will offer new attractive opportunities to investors as well as companies in both countries.

Jos Dijsselhof, CEO SIX:"SIX continuously strives to expand and improve its range of international products and services. With the introduction of GDRs, we are excited to be able to broaden the options for companies to raise capital in the very international Swiss financial market. We can now offer further investment opportunities to investors looking to get direct exposure to Chinese securities in a familiar and secure regulatory environment."

​Keda Industrial Group Co., Ltd., GEM Co., Ltd., Gotion High-tech Co., Ltd. and Ningbo Shanshan Co., Ltd., four companies active in clean energy technologies and battery recycling,  expect to start trading in the newly established GDR trading segment on SIX Swiss Exchange.