China Restarts GDR Approvals With New Rules on Registration

00:00

00:00/00:00

Listen to this article 1x

Newly listed enterprises in China’s domestic market this year have raised $24 billion, down from $43 billion raised in the same period in 2022.

(Bloomberg) — China’s securities regulator issued new rules on global depositary receipts, paving the way for the resumption of a steady stream of Chinese share sales in Europe.

Companies must register with the China Securities Regulatory Commission (CSRC) within three working days after submitting applications abroad to sell global depositary receipts (GDRs), according to new guidelines published late Tuesday. GDRs are international securities representing shares registered in a country like China that can be traded on foreign exchanges.