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China-Swiss stock link has flimsy foundations, article with image


A stock scheme linking China and Switzerland has attracted ire from an unexpected source: Beijing. The Chinese securities regulator is halting applications from mainland-listed firms seeking to sell global depositary receipts in Zurich, Bloomberg reported on Thursday. Concerns that Chinese investors are buying overseas to make a quick profit at home are valid. Yet in the absence of interest from international institutions, such cross-border stock links serve little purpose.