5 Things to Know About Chinese Depositary Receipts
What do tech giants Alibaba, Tencent, Baidu and China Telecom have to do with the recently concluded National People’s Congress in Beijing?
The answer is Chinese depositary receipts (CDRs) — a topic that topped the agenda of China’s largest political event held once in five years.
A number of Chinese tech chiefs, including Baidu’s Robin Li, were quizzed by the media if they would bring their New York- or Hong Kong-listed companies to make a secondary listing on mainland.
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