SHANGHAI (Reuters) - China has adopted new rules governing the issuance of securities that will allow the domestic flotation of overseas-listed innovators, the China Securities Regulatory Commission said in a notice published late on Wednesday. China is encouraging overseas-listed Chinese companies to launch secondary listings in the domestic market through the issuance of China Depositary Receipts (CDRs), modelled on the popular ADRs used in the United States. The trial rules, which are effective immediately, will provide the "institutional foundation" for innovative companies to issue CDRs on the domestic market, the China Securities Regulatory Commission said.
from Latest News Business on Firstpost https://ift.tt/2xPHEMk
0 comments:
Post a Comment