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RSS FeedsHSBC poised to be first firm to issue Chinese Depositary Receipts - sources
(WorldNews Business)

 
 

18 october 2018 13:33:50

 
HSBC poised to be first firm to issue Chinese Depositary Receipts - sources
(WorldNews Business)
 


By Julie Zhu and Lawrence White HONG KONG (Reuters) - HSBC Holdings PLC is set to be the first company to issue Chinese Depositary Receipts (CDRs), through a link between the London and Shanghai stock exchanges which will begin by year end, people familiar with the matter told Reuters on Thursday. China finalised rules earlier this year for its CDRs, which mainly allow Chinese tech companies listed overseas to also list at home. It announced a series of CDR rules for London-listed firms...


 
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