New econ­omy firms will is­sue more CDRs

China Daily European Weekly - - BUSINESS -

New econ­omy com­pa­nies in China are ex­pected to raise 450 bil­lion yuan ($71.5 bil­lion; 58 bil­lion eu­ros; £51 bil­lion) on the coun­try’s bourses in three years by is­su­ing China De­pos­i­tory Re­ceipts, ac­cord­ing to GF Se­cu­ri­ties. They are likely to raise 250 bil­lion yuan in the first year and 100 bil­lion yuan in each of the fol­low­ing two years, GF Se­cu­ri­ties said in a re­search note on March 27.

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