Watch out, China Inc. is going global. Again

By Anjani Trivedi

06 Feb 2023 · 3 min read

Editor's Note

Chinese companies are raising capital in Europe in a push to expand production in the region. It's a canny move, given the growing industrial demand, according to Bloomberg columnist Anjani Trivedi.

China Inc. is going global again. This time via Europe, as industrial companies tap into rising pressure across the region to go green.

A string of Chinese industrial firms including construction machinery giant Sany Heavy Industry Co. and electric-vehicle parts supplier Zhejiang Sanhua Intelligent Controls Co. have raised billions of dollars on the SIX Swiss Exchange through global depositary receipts since a cross-listing program was launched in July last year. Now China's battery heavyweight Contemporary Amperex Technology Co., or CATL, is jumping in, seeking to raise at least $5 billion through GDRs in the largest such issuance by a Chinese company.

Sign in to informed

  • Curated articles from premium publishers, ad-free
  • Concise Daily Briefs with quick-read summaries
  • Read, listen, save for later, or enjoy offline
  • Enjoy personalized content