Chinese Depositary Receipts: Attracting the Listing of Tech Unicorn Companies Through Securities Law Reform

Lerong Lu, Ningyao Ye

Research output: Other contribution

Abstract

Recent reforms to Chinese securities law are designed to entice local tech giants to list their shares in mainland China as opposed to overseas markets like Hong Kong or New York. One reform idea is modelled off a long-standing concept in the U.S. and Europe known as depositary receipts. This article will explain why Chinese tech companies currently prefer to list their shares overseas and how Chinese Depositary Receipts (CDRs) may change this decision calculus.
Original languageEnglish
TypeOnline publication
Media of outputDuke University School of Law the FinReg Blog
PublisherDuke University School of Law The FinReg Blog
Publication statusPublished - 2018

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