Regulators roll out CDR rules as tech board nears launch

Rebecca Feng

May 28, 2019 09:15 am

China stock market random 150 x 230 — Investors are seen at a stock trading hall in Shenyang, northeast China's Liaoning Province, March 30, 2016. China's stocks rallied on Wednesday, with the benchmark Shanghai Composite Index up 2.77 percent to 3,000.64 points. The smaller Shenzhen index surged 3.48 percent to end at 10,445.69 points. (Xinhua/Pan Yulong)(mcg) (Photo by Xinhua/Sipa USA) | Xinhua/SIPA USA/PA Images

The People’s Bank of China (PBoC) and the State Administration of Foreign Exchange (Safe) have set new rules on cross-border capital management for Chinese Depository Receipt (CDR) issuers. Meanwhile, the Shanghai tech board’s listing committee will give its verdict on three candidates on June 5.

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Rebecca Feng