China's Ctrip would welcome chance to list at home via depositary receipts -CEO [Reuters]
CTRIP.COM INTL (CTRP)
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Source: Reuters
China's Ctrip would welcome chance to list at home via depositary receipts -CEO | Reuters 3 Min Read SHANGHAI, April 20 (Reuters) - Ctrip.Com International Ltd , Asia’s biggest online travel firm, would welcome the chance to list at home in mainland China should regulators introduce depositary receipts as planned, Chief Executive Jane Sun told Reuters on Friday. The firm first floated shares on the NASDAQ market in the United States 15 years ago as part of a wave of Chinese tech companies lured by high valuations overseas, at a time when domestic markets were a fraction of their current size. The government has been trying to coax such firms home to give Chinese investors access to the fast-growing titans that have traditionally opted to list overseas or in Hong Kong. To that end, China’s securities regulator is likely to finalise guidelines later this year for China depositary receipts (CDRs), Reuters reported last month. CDRs would be similar to American depositary receipts which, w
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