China's Xiaomi announces pioneering listing plan

China's Xiaomi announces pioneering listing plan

6 years ago
Anonymous $roN-uuAfLt

https://phys.org/news/2018-06-china-xiaomi.html

After watching technology heavyweights Alibaba and Baidu list on Wall Street, Chinese authorities have devised a programme under which companies listed outside the country can simultaneously list CDRs at home.

The objectives of the plan include helping to develop China's still relatively immature and volatile share markets while allowing domestic investors to invest in the country's big tech champions.