Curaçao’s fledgling stock exchange intended to attract Latin American companies seeking to raise money from European investors. Instead, Chinese firms came.
Water Years Holdings’ 2017 debut on the Dutch Caribbean Securities Exchange (DCSX) opened the floodgates for Chinese companies to list on the exchange. Credit: DCSX
When Water Years Holdings, a small Chinese firm that sells wine and candy made from blueberries, was looking to go public in 2017, there were few options. The company, which had earned a profit of less than $50,000 in the prior year, was too small to qualify for a listing on the Shanghai or Hong Kong stock exchanges. New York and Singapore were also out of the question.
So company executives hopped on a flight to Curaçao, a small Dutch territory about 40 miles off the coast of Venezuela, to
Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
A weekly curated reading list on China from Andrew Peaple.
A daily roundup of China finance, business and economics headlines.
We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.
An ebook collection of interviews with the American policy makers who have shaped the U.S.'s relationship with China under six presidential administrations, carried out by former Wall Street Journal senior editor Bob Davis.
Interviews include Nancy Pelosi, Robert Lighthizer, Charlene Barshefsky, Robert Gates, Ash Carter, Robert Rubin and more.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OKPrivacy policy
