Why Are Chinese Companies Listing in Switzerland?

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FT's Niku Isgari reports that rising geopolitical tensions with the US have steered these companies away from Wall Street. The SEC has been able to look at these conflict interests for years and have not moved against them, says Stephen Gandell. So does FTX and Alameda have a shot at winning this suit? "I actually think these suits are pretty hard to win," he says.

FTX affiliate Alameda has sued crypto investment company Grayscale and its owner over the structure of their large bitcoin and ethereum trusts, Chinese companies are flocking to Switzerland to raise capital, and incoming Bank of Japan governor Kazuo Ueda has hinted that ‘yield curve control’ is unlikely to survive in its existing form once he takes the helm.

Mentioned in this podcast:

FTX’s trading affiliate Alameda sues Grayscale over crypto investments

Chinese companies choose Switzerland over US and UK to raise money overseas

Ditching bond yield cap will be tricky task for new Bank of Japan governor

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The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

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