China to Trial CDRs, Startup Listings to Lure Tech Firms Home
- Pilot to allow some companies listed overseas to issue CDRs
- Certain start-ups will be eligible for IPOs on the mainland
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China will launch a pilot program aimed at luring innovative companies back to the mainland equity market, loosening listing rules for certain firms and offering its own form of depositary receipts.
Companies that meet the following criteria will be eligible for the pilot, the State Council, China’s cabinet, said in a statement posted on its website late Friday: