Foreign-funded mainland tech firms given nod to sell Chinese depositary receipts on Shenzhen’s ChiNext market

//Foreign-funded mainland tech firms given nod to sell Chinese depositary receipts on Shenzhen’s ChiNext market

Foreign-funded mainland tech firms given nod to sell Chinese depositary receipts on Shenzhen’s ChiNext market

Beijing has ramped up efforts to attract foreign-funded mainland tech firms to list on domestic stock exchanges by giving the go-ahead to the ChiNext market in Shenzhen for Chinese depositary receipts (CDRs).The move comes ahead of President Xi Jinping’s visit to Shenzhen on Wednesday to mark the 40th anniversary of the establishment of the special economic zone.In the guideline issued on Sunday, Beijing said the launch of the CDR programme would be among the major financial reforms to…

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By | 2020-10-12T12:42:56+00:00 October 12th, 2020|Business|Comments Off on Foreign-funded mainland tech firms given nod to sell Chinese depositary receipts on Shenzhen’s ChiNext market