Jun 17, 2022 04:13 AM

FINANCE

Joincare Pharmaceutical Plans Share Sale in Switzerland

By Quan Yue and Denise Jia

The entrance hall of the Six Swiss Exchange in Zurich, Switzerland.

The entrance hall of the Six Swiss Exchange in Zurich, Switzerland.

Joincare Pharmaceutical Group Industry Co. plans to sell shares on the Swiss stock exchange, becoming the ninth Chinese company to issue global depositary receipts (GDRs), Joincare said Thursday.

China has been encouraging domestic companies to seek global fundraising through a cross-border investment channel linking China and European markets as part of efforts to open the country’s financial markets to foreign investors.

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