Posted inChina

New CDR rules pave way for return of China’s tech giants

The China Securities Regulatory Commission released nine new regulations on the issuance and transaction of Chinese Depositary Receipts, or CDRs on Wednesday, making it possible for offshore-listed tech giants to return to the domestic stock market, Securities Daily reported. Depositary receipts are surrogate securities that allow domestic investors to hold overseas shares. Thus, CDRs will […]

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