China Publishes Rules On Issuance Of China Depositary Receipts: CSRC - FbiCables Network | The News that Shapes World Opinion

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Friday, May 04, 2018

China Publishes Rules On Issuance Of China Depositary Receipts: CSRC


FILE PHOTO: Advertising board showing a Chinese stone lion near an entrance to the headquarters of China Securities Regulatory Commission, in Beijing
FILE PHOTO: An advertising board (L) showing a Chinese stone lion is pictured near an entrance to the headquarters (R) of China Securities Regulatory Commission (CSRC), in Beijing, China, September 7, 2015. REUTERS/Jason Lee/File Photo
May 4, 2018
BEIJING (Reuters) – China’s securities regulator said on Friday it has published rules on the issuance of China Depositary Receipts, or CDRs, which could open the door to some of the country’s top tech firms issuing a form of the shares.
Issuance of CDRs, similar to American depositary receipts, would be done in compliance with Chinese securities law, a spokesman for the China Securities Regulatory Commission (CSRC) told a news conference.

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