Chinese companies looking to raise cash overseas have turned to Switzerland — and gotten speedy regulatory approval to do so.

That’s according to Baker McKenzie, which said it acted as legal advisor for the first four Chinese companies to list shares via a new stock connect program with Switzerland on July 28. The companies raised about $1.5 billion.

The China securities regulator approved the new share issuance in “just a few weeks,” said Wang Hang, a partner at Baker McKenzie’s capital markets practice in Beijing. He noted the approval process for other share issuances could take a few months or even half a year.

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