Posted inHeavy Hitters

Baidu considers issuing CDRs

Search giant Baidu said in documents submitted to the US Securities and Exchange Commission that it is evaluating the possibility of issuing China Depositary Receipts (CDRs), our sister site is reporting (in Chinese). In early June, Baidu reportedly selected Huatai Securities and CITIC Securities as sponsors for the issuance of CDRs. Should the move materialize, […]