Chinese Firms Aim for a Comeback in Frankfurt for European Listings

On the bustling floors of the Frankfurt Stock Exchange, there's a new trend emerging.

Exploring new opportunities for capital, Chinese firms are turning to Germany as a strategic hub for raising funds, poised to breathe new life into the European market with their global depositary receipts.

Two enterprises are preparing to take the plunge. Sungrow Power Supply Co., specializing in renewable energy, plans to raise up to 4.88 billion yuan, roughly $680 million, by issuing GDRs in Frankfurt, according to a statement released last month. Meanwhile, JinkoSolar Holding Co., known for its solar panels, has declared an ambition to secure 4.5 billion yuan through a unit listed in Shanghai.