Photo: Jens Kalaene/DPA/ZUMA PressBEIJING—China’s securities regulator unveiled draft guidelines for a class of securities known as depositary receipts, paving the way for Chinese technology giants listed abroad to trade at home. The draft rules serve to “give full play to the capital markets in serving the needs of the real economy,” said a statement Friday by the China Securities Regulatory Commission, which accompanied the rules. The rules add to a framework announced in March by the securities regulator for depositary receipts. Back then it welcomed overseas-listed Chinese companies in advanced technology sectors that were at least 200 billion yuan ($31 billion) in market capitalization. Uncertainties for Chinese depositary shares still lie ahead.

Source: Wall Street Journal May 04, 2018 16:07 UTC