Caixin
Mar 31, 2018 07:05 AM
FINANCE

China Unveils Pilot Program to Woo Big Tech Names to Trade Back Home

Mainland Chinese traders, like those above, will soon be able to buy and sell some of the biggest names in technology under a new pilot program China is testing out. Photo: VCG
Mainland Chinese traders, like those above, will soon be able to buy and sell some of the biggest names in technology under a new pilot program China is testing out. Photo: VCG

China is launching a pilot program to entice foreign-listed Chinese tech giants to also trade at home through a new option of share issuance.

The State Council on Friday unveiled the trial program of Chinese depositary receipts (CDRs) for qualified innovative companies to list their shares at the domestic A-share markets.

Companies eligible for the pilot program include those in high-tech or strategic emerging industries, such as the internet, big data, cloud computing, artificial intelligence, software and integrated circuits, high-end equipment manufacturing and biotechnology, according to a document issued by the China Securities Regulatory Commission (CSRC) posted on the State Council’s website late Friday.

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