CDR

China to Forge Ahead With Shanghai-London Stock Connect With Action Plan

China to Forge Ahead With Shanghai-London Stock Connect With Action Plan

China to Forge Ahead With Shanghai-London Stock Connect With Action Plan

Jul 11, 2018
Xu Zuwei & Liao Shumin
Xiaomi’s Debut Fizzles as Founder Blames Market Downturn

Xiaomi’s Debut Fizzles as Founder Blames Market Downturn

Xiaomi’s Debut Fizzles as Founder Blames Market Downturn

Jul 9, 2018
Liu Jing
Baidu's Stock Drops Despite USD1 Billion Share Buyback, CRD Issuance Plans

Baidu's Stock Drops Despite USD1 Billion Share Buyback, CRD Issuance Plans

Baidu [NASDAQ: BIDU], one of China's leading browsers, has authorized a USD1 billion share repurchase program while preparing for a…

Jun 28, 2018
Liao Shumin
Overvaluation, Secrecy Causes Bloated IPOs; Unicorns, Investors Suffer

Overvaluation, Secrecy Causes Bloated IPOs; Unicorns, Investors Suffer

Several Chinese Hong Kong-listed unicorns, such as online car retailer Yixin Group and online insurer ZhongAn Online P&C Insurance, have…

Jun 28, 2018
Zhang Yuanke
[Exclusive] Ucar May Be China’s First CDR Lister After Xiaomi Stepped Aside

[Exclusive] Ucar May Be China’s First CDR Lister After Xiaomi Stepped Aside

Major ride-hailer Ucar may replace Xiaomi as the first company to list on China’s A-share market through China Depositary Receipts, a broker told Yicai Global.

Jun 25, 2018
Zhou Hongda
Global Players Sign Up for Xiaomi’s IPO After CDR Jitters Trim Valuation Prospects

Global Players Sign Up for Xiaomi’s IPO After CDR Jitters Trim Valuation Prospects

Named domestic and global players have signed up as cornerstone investors in Xiaomi's upcoming initial public offering in Hong Kong,…

Jun 20, 2018
Li Juan & Yuan Ziyi
Asset Managers to Forge Ahead With CDR Funds Despite Xiaomi Delay

Asset Managers to Forge Ahead With CDR Funds Despite Xiaomi Delay

Smartphone giant Xiaomi’s decision to postpone its offering of Chinese depository receipts will not affect asset manager plans to launch equity funds targeting tech firm listings.

Jun 20, 2018
Dou Shicong
CDRs Will Form 7% of Xiaomi’s Share Capital After Issue, New Prospectus Says

CDRs Will Form 7% of Xiaomi’s Share Capital After Issue, New Prospectus Says

Chinese technology giant Xiaomi updated its prospectus on China Securities Regulatory Commission’s website yesterday.

Jun 15, 2018
Xu Wei
Baidu May Become First US-Listed Chinese Company to Join CDR Scheme, Says Report

Baidu May Become First US-Listed Chinese Company to Join CDR Scheme, Says Report

China’s tech behemoth Baidu has selected Huatai Securities and Citic Securities as sponsors for issuing Chinese Depositary Receipts, CDRs, China…

Jun 11, 2018
Liao Shumin
Regulator Eyes Fundraising Ceiling Cap Over Unicorn Funds, Report Says

Regulator Eyes Fundraising Ceiling Cap Over Unicorn Funds, Report Says

China Securities Regulatory Commission, CSRC, has reportedly issued a supervision notice to six fund management companies yesterday, asking them to…

Jun 11, 2018
Liao Shumin
[Exclusive] Xiaomi’s Valuation May Top USD80 Billion, Listing Insider Says

[Exclusive] Xiaomi’s Valuation May Top USD80 Billion, Listing Insider Says

Xiaomi’s valuation may hit USD80 billion following the smartphone giant’s upcoming listing, a source close to the China Depository Receipt offering told Yicai Global.

Jun 11, 2018
Liu Jia
Xiaomi Submits China's First CDR Application

Xiaomi Submits China's First CDR Application

Smartphone giant Xiaomi is set to become the first unicorn firm to take part in the China Depository Receipt pilot scheme at the Shanghai Stock Exchange after it filed an application yesterday.

Jun 8, 2018
Liu Jia