China releases depositary receipt rules for Shanghai-London stock connect
Contributed by NAMPA / Xinhua.
BEIJING, Oct. 12 (Xinhua) -- The China Securities Regulatory Commission (CSRC) on Friday issued trial rules on depositary receipt business in the Shanghai-London stock connect program after seeking public comment for more than a month.
The rules mark an important step for the program, which aims to allow stocks listed in Shanghai and London to be traded in each other's market by issuing depository receipts.
The CSRC revised some items in the previous version, including the restricted redemption ...