China's investment banks are seeking to expand German business because the Hong Kong IPO market is close to the dry Hong Kong IPO market and the increasing Sino -US tension situation encourages enterprises to consider overseas financing in Europe.
Bloomberg quoted people familiar with the matter and revealed that many Chinese companies, including CITIC Securities and Haitong Securities, are considering applying for licenses in Germany, so that they can provide various types of investment banks in Germany and the entire European Union.People familiar with the matter said that these considerations are still in progress and may change.
CICC announced last month that it has become a member of the Frankfurt Stock Exchange.
With the help of the expansion of the stock interconnection plan, Europe is attracting Chinese companies that seek overseas financing.The increasingly intensified geopolitical tensions have increased the possibility of evacuation in the US listed Chinese company. On Friday (August 12), five large Chinese state -owned enterprises have successively announced the delisting from the New York Stock Exchange.
Last month, four Chinese companies, including Guoxuan Hi -Tech, issued a global deposit certificate in the Swiss Stock Exchange, raised a total of $ 1.6 billion (S $ 2.2 billion).At least six Chinese companies said they planned to be listed in Switzerland in the future.
