Chinese Companies Used Curaçao Exchange for International Visibility
What happened
Between 2017 and 2021, at least 68 Chinese companies initiated listing procedures on the Dutch Caribbean Securities Exchange in Curaçao. The exchange, established in 2009, was originally intended to attract Latin American businesses but subsequently drew significant interest from Chinese companies seeking inexpensive international listings. Most of these listings were not actively tradable and were primarily intended to increase the companies' international visibility.
From curacaochronicle.com
Why it matters
The exchange was once described as the only stock exchange outside China where a majority of listed companies were Chinese. Although Chinese interest has since declined, Chinese businesses still account for a notable portion of the limited tradable equities on the Curaçao exchange. Researchers found that these commercial connections have not translated into evidence of substantial Chinese government influence over Curaçao's political decision-making.
Curaçao is currently seeking official status as an Overseas Country and Territory.
From curacaochronicle.com
Who's involved
- CuraçaoIsland state hosting the Dutch Caribbean Securities Exchange
- NetherlandsOne of the autonomous countries within the Kingdom of the Netherlands
- Netherlands AntillesFormer political structure of Curaçao
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The entities involved
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Curaçao
island state in the Caribbean, part of the Kingdom of the Netherlands