May 4, 2018 / 8:45 AM / 17 days ago

China publishes rules on issuance of China Depositary Receipts - CSRC

BEIJING, May 4 (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. (Reporting by Zhang Xiaochong in Beijing and John Ruwitch and Samuel Shen in Shanghai; Editing by Christian Schmollinger)

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