General Office of the State Council, Circular on Forwarding the China Securities Regulatory Commission, Several Opinions on Launching a Pilot Project for the Domestic Offering of Shares and Depository Receipts by Innovative Enterprises

国务院办公厅转发中国证券监督管理委员会关于开展创新企业境内发行股票或存托凭证试点的若干意见的通知

June 07, 2018 | BY

Susan Mok

China launches CDRs

Issued: March 22 2018

Applicability: For the purposes of this Circular, the term "depository receipt" means a security that is issued by the depositary, is offered in China on the basis of foreign securities and represents the rights and interests in the underlying foreign securities (Article 4).

For the purposes of these Opinions, the term "red chip enterprise" means an enterprise that is registered abroad but whose main business activities are carried on in China (Article 3).

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