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Opinion
Anjani Trivedi

Watch Out, China Inc. Is Going Global. Again

Chinese companies are raising capital in Europe as they look to expand production bases there. It’s an astute move.

Moving on.

Moving on.

Photographer: Krisztian Bocsi/Bloomberg

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.