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China Courts Foreign Firms for Cross-Border Listing Drive

  • Chinese-backed forklift maker Kion Group among candidates
  • Authorities seek to lure European companies to Chinese markets
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Chinese authorities are courting European companies to raise funds on the country’s stock exchanges, as they seek to kickstart a program to attract foreign listings, people with knowledge of the matter said. 

Overseas firms backed by Chinese investors are among the first candidates being considered, the people said, asking not to be identified because the information is private. German forklift maker Kion Group AG is one of several companies studying the possibility of selling depositary receipts on a Chinese exchange through the program, according to the people.