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Reuters
China’s Sany Heavy Industry moves closer to Frankfurt listing
Sany Heavy Industry Co, China’s biggest maker of engineering machinery, published a set of revised internal rules on Saturday in preparation for a Frankfurt listing – potentially the first there under a mechanism for cross-border listings and investment. China last year expanded the Shanghai-London Stock Connect to include Switzerland and Germany, since when more than a score of Chinese companies have listed, or unveiled plans to list, on the Swiss stock exchange. Sany is the first China-listed company to pick Frankfurt under the scheme.