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The State Council issued CDR pilot opinions. Only 6 of the eligible stocks were met.

March 30, 2018 22:02
source: Securities Times Network

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The General Office of the State Council forwarded the notice of the CSRC on a number of opinions on piloting the issuance of stocks or depositary receipts in innovative enterprises. According to the market conditions of the notice, it is found that there are 11 companies with stock market value exceeding US$32 billion so far, except for CNOOC, Sinopec, China Life, China Unicom and CNOOC, which are not listed as innovative companies. There are only six, namely Alibaba, China Mobile, Baidu, Jingdong, NetEase and China Telecom.

                (Editor: DF142)

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