ADR challenge: China to claw back investment with CDRs
New economy corporations like Baidu, Ctrip and JD.com are all listed in the US through ADRs, but now they are on a list of potential CDRs.
While more Chinese companies are going to the US stock market to raise money through American depositary receipts (ADR), Chinese regulators are launching Chinese depositary receipts (CDR) in a bid to coax overseas-listed Chinese corporates back to their domestic market.
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