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China's Sany, Gotion turn to Swiss exchange after U.S. clampdown

Lepu Medical also plans to issue global depository receipts in double listing

A Sany Heavy Industry factory in China. The company said its Swiss listing will help expand market share in Western nations. (Photo by Shunsuke Tabeta)

SHANGHAI -- A succession of Chinese companies have decided to list on Switzerland's stock exchange in response to the restricted access to the U.S. market.

Sany Heavy Industry, Lepu Medical Technology and Gotion High-Tech have all recently announced plans for secondary listings on the SIX Swiss Exchange. Each company is traded on either the Shanghai or the Shenzhen exchanges.

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