Switzerland is becoming the destination of choice for mainland Chinese companies seeking a foreign listing. Drugmaker Joincare Pharmaceutical Group is the latest to announce plans to float on the Swiss stock exchange.
Beijing hopes the alpine nation will be the new New York for companies seeking foreign funding. It may be disappointed
The SIX Swiss Exchange has recently been the choice for businesses including equipment maker Sany Heavy Industry, pharma group Lepu Medical and two electric car battery manufacturers, Gotion High-Tech and Ningbo Shanshan.
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