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bjl1525096 : Huatai Securities gets green light for GDR issue on London bourse

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  • Huatai Securities gets green light for GDR issue on London bourse (2019-06-13)
  • Chinese companies' issuance of GDRs is an important part of the Shanghai-London Stock Connect mechanism which was initiated by the municipal government of Shanghai in late 2015. Under this trading program, London-listed companies will be able to issue Chinese Depository Receipts on the Shanghai Stock Exchange. Zheng Yang, director of the Shanghai Financial Services Offices, said at a news conference in February that the stock connect is expected to start running within the year.    Photo by Imaginechina
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