China gives go-ahead for CDR trials

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By John Loh
07 Jun 2018

China’s market watchdog said companies can submit applications to list China Depositary Receipts from Thursday, declaring the start of trials for the scheme.

The China Securities Regulatory Commission said on Wednesday that it is moving ahead with the pilot phase of the fundraising programme targeted at overseas-listed technology firms such as Alibaba Group Holding and Baidu.

The regulator will use strict criteria when selecting issuers, as well as keep a tight ...

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