GEM to List on Swiss Exchange

GEM announced that the China Securities Regulatory Commission (CSRC) gave its approval for the company to issue global depository receipts (GDR) and to be listed on the Swiss Exchange (SIX).

SIX approved GEM to issue GDR and to be listed on the SIX. So far, the path of GEM issuing GDR and going public on the SIX have been unimpeded.

It is an achievement of capital opening-related cooperation between China and Switzerland, and also an achievement for promoting capital cooperation between the Shenzhen Stock Exchange and the Swiss stock exchange.

It sets the precedent for Chinese enterprises to issue global Depositary Receipts (GDRs) for listing on the Swiss stock exchange. This undoubtedly opened a green channel for Chinese enterprises to enter European capital markets.

According to GEM's public release, its application to issue GDR and to be listed on the SIX was accepted by the CSRC. 

It took no more than 30 calendar days, which demonstrates the efficiency of the Chinese government and their support for Chinese enterprises to issue GDR and to be listed on the SIX.

Similarly, the application submitted by GEM to SIX to issue GDR and to be listed on the SIX was accepted, highlighting the efficiency of cooperation between the exchanges of the two countries, the Shenzhen Stock Exchange and the Swiss Stock Exchange.